According to the public record, 47, Spencer Road, Reading is a mid-century freehold house with 891 ft2 of internal area and sits on a 338 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spencer Road, Reading, RG2 is located within the RG2 postal district.
47, Spencer Road, Reading has 21 entries in the Land Registry database, most recently in December 2015 and a single entry in the EPC database dated June 2009.
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 reasonable condition, we estimate the current sale value for 47 Spencer Road Reading as £342,246 and the rental value as £1,686 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 47 Spencer Road Reading has decreased by £993 (0.3%) and its rental value has increased by £93 per month (5.5%).
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 47, Spencer Road, Reading is in very good condition we estimate a sale value of £359,358 and rental value of £1,770 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £318,288 and a rental value of £1,568 per month.
If you were able to purchase this property for the estimated value of £342,246, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,682 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, 47, Spencer Road, Reading sits on a plot of 338m2.
We have plot size data on 14 out of 25 other houses in the postcode and 47, Spencer Road, Reading sits on the 5th largest plot.
According to HM Land Registry, 47, Spencer Road, Reading was last sold on 18 Dec 2015 for £267,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2015, the market for similar properties has risen 11.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47, Spencer Road, Reading within a radius of 570 metres over the last 2 years.
The most recent example is 104, Spencer Road, Reading, RG2 8TN, a Freehold house which sold for £365,000 in Sep 2023.
Read more about house prices in RG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spencer Road, Reading, RG2 has a total of 78 addresses. According to our analysis of all the public data, 47, Spencer Road, Reading is the 71st largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £25k less expensive than the average property in RG2.
47, Spencer Road, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Jun 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 47, Spencer Road, Reading is Reading Green Park station which is 2.5 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 47, Spencer Road, Reading, 50.4% of property is socially rented and 18.5% 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 47, Spencer Road, Reading, 20.0% 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 47, Spencer Road, Reading, the average age was 37.7 and the most common age was 37.
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 47, Spencer Road, Reading, 1.3% 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 47, Spencer Road, Reading, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.