According to the public record, 4, Melrose Gardens, Reading is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 637 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Melrose Gardens, Arborfield Cross, Reading, RG2 is located within the RG2 postal district.
4, Melrose Gardens, Reading has 21 entries in the Land Registry database, most recently in March 2011 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 Melrose Gardens Reading as £325,408 and the rental value as £1,559 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 4 Melrose Gardens Reading has increased by £2,813 (0.9%) and its rental value has increased by £79 per month (5.0%).
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, Melrose Gardens, Reading is in very good condition we estimate a sale value of £341,678 and rental value of £1,637 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £302,629 and a rental value of £1,450 per month.
If you were able to purchase this property for the estimated value of £325,408, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,599 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, Melrose Gardens, Reading was last sold on 23 Mar 2011 for £182,400 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2011, the market for similar properties has risen 77.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Melrose Gardens, Reading within a radius of 88m over the last 2 years.
The most recent example is 11, Melrose Gardens, Reading, RG2 9PY, a Freehold house which sold for £360,000 in Oct 2019.
Read more about house prices in RG2.
Melrose Gardens, Arborfield Cross, Reading, RG2 has a total of 59 addresses. According to our analysis of all the public data, 4, Melrose Gardens, Reading is the 55th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £41k less expensive than the average property in RG2.
The closest station to 4, Melrose Gardens, Reading is Winnersh station which is 4.4 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, Melrose Gardens, Reading, 36.4% of property is privately owned with a mortgage and 29.4% is privately owned outright.
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, Melrose Gardens, Reading, 17.9% of residents are recorded as possessing school level qualifications and 33.6% 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, Melrose Gardens, Reading, the average age was 37 and the most common age was 12.
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, Melrose Gardens, Reading, 0.9% 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, Melrose Gardens, Reading, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.