According to the public record, 42, Norman Rise, Reading is a modern freehold house with 1,237 ft2 of internal area and sits on a 183 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Norman Rise, Spencers Wood, Reading, RG7 is located within the RG7 postal district.
42, Norman Rise, Reading has a single entry in the Land Registry database from December 2019 and a single entry in the EPC database dated December 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 42 Norman Rise Reading as £530,506 and the rental value as £2,030 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 42 Norman Rise Reading has decreased by £8,115 (1.5%) and its rental value has increased by £74 per month (3.6%).
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 42, Norman Rise, Reading is in very good condition we estimate a sale value of £557,032 and rental value of £2,132 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £493,371 and a rental value of £1,888 per month.
If you were able to purchase this property for the estimated value of £530,506, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,607 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 data from HM Land Registry, 42, Norman Rise, Reading sits on a plot of 183m2.
We have plot size data on 44 out of 44 other houses in the postcode and 42, Norman Rise, Reading sits on the 24th largest plot.
According to HM Land Registry, 42, Norman Rise, Reading was last sold on 20 Dec 2019 for £400,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has risen 13.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Norman Rise, Reading within a radius of 1.4 kilometres over the last 2 years.
The most recent example is 44, Norman Rise, Reading, RG7 1YW, a Freehold house which sold for £500,000 in Oct 2023.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norman Rise, Spencers Wood, Reading, RG7 has a total of 45 addresses. According to our analysis of all the public data, 42, Norman Rise, Reading is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £6k more expensive than the average property in RG7.
42, Norman Rise, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Dec 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 42, Norman Rise, Reading is Mortimer station which is 4.4 kilometres 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 42, Norman Rise, Reading, 53.5% of property is privately owned outright and 40.5% is privately owned with a mortgage.
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 42, Norman Rise, Reading, 17.2% of residents are recorded as possessing school level qualifications and 31.1% 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 42, Norman Rise, Reading, the average age was 37.6 and the most common age was 32.
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 42, Norman Rise, Reading, 0.4% 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 42, Norman Rise, 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.