According to the public record, 4, Mellor Walk, Reading is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 941 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Mellor Walk, Reading, RG2 is located within the RG2 postal district.
4, Mellor Walk, Reading has a single entry in the Land Registry database from October 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4 Mellor Walk Reading as £304,340 and the rental value as £1,485 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 4 Mellor Walk Reading has increased by £1,825 (0.6%) and its rental value has increased by £96 per month (6.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 4, Mellor Walk, Reading is in very good condition we estimate a sale value of £319,557 and rental value of £1,560 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,037 and a rental value of £1,381 per month.
If you were able to purchase this property for the estimated value of £304,340, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,496 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 4, Mellor Walk, Reading was last sold on 26 Oct 2007 for £205,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2007, the market for similar properties has risen 41.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Mellor Walk, Reading within a radius of 170m over the last 2 years.
The most recent example is 2, Blyth Walk, Reading, RG2 0AF, a Freehold house which sold for £342,000 in Feb 2024.
Read more about house prices in RG2.
Mellor Walk, Reading, RG2 has a total of 12 addresses. According to our analysis of all the public data, 4, Mellor Walk, Reading is the 8th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £63k less expensive than the average property in RG2.
The closest station to 4, Mellor Walk, Reading is Reading station which is 1.5 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Mellor Walk, Reading, 57.1% of property is socially rented and 15.9% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 4, Mellor Walk, Reading, 21.9% of residents are recorded as possessing school level qualifications and 17.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 4, Mellor Walk, Reading, the average age was 33.9 and the most common age was 22.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 4, Mellor Walk, Reading, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 4, Mellor Walk, Reading, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.