According to the public record, 5, Herald Way, Reading is a mid-century freehold house with 850 ft2 of internal area and sits on a 274 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Herald Way, Woodley, Reading, RG5 is located within the RG5 postal district.
5, Herald Way, Reading has a single entry in the Land Registry database from September 2015 and a single entry in the EPC database dated November 2015.
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 5 Herald Way Reading as £437,649 and the rental value as £1,631 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 5 Herald Way Reading has decreased by £4,132 (0.9%) and its rental value has increased by £54 per month (3.3%).
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 5, Herald Way, Reading is in very good condition we estimate a sale value of £459,532 and rental value of £1,713 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,014 and a rental value of £1,517 per month.
If you were able to purchase this property for the estimated value of £437,649, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,151 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, 5, Herald Way, Reading sits on a plot of 274m2.
We have plot size data on 9 out of 15 other houses in the postcode and 5, Herald Way, Reading sits on the 6th largest plot.
According to HM Land Registry, 5, Herald Way, Reading was last sold on 30 Sep 2015 for £390,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2015, the market for similar properties has risen 20.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Herald Way, Reading within a radius of 680 metres over the last 2 years.
The most recent example is 6, Dunbar Drive, Reading, RG5 4HA, a Freehold house which sold for £435,000 in Oct 2022.
Read more about house prices in RG5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Herald Way, Woodley, Reading, RG5 has a total of 15 addresses. According to our analysis of all the public data, 5, Herald Way, Reading is the 14th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £6k less expensive than the average property in RG5.
5, Herald Way, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Nov 2015.
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 5, Herald Way, Reading is Winnersh Triangle station which is 1.6 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 5, Herald Way, Reading, 47.1% of property is privately owned with a mortgage and 29.8% 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 5, Herald Way, Reading, 19.6% of residents are recorded as possessing school level qualifications and 42.0% 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 5, Herald Way, Reading, the average age was 38 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 5, Herald Way, Reading, 0.7% 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 5, Herald Way, Reading, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.