According to the public record, 5, Launcestone Close, Reading is a mid-century freehold house with 678 ft2 of internal area and sits on a 201 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Launcestone Close, Earley, Reading, RG6 is located within the RG6 postal district.
5, Launcestone Close, Reading has a single entry in the Land Registry database from April 2019 and a single entry in the EPC database dated January 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 reasonable condition, we estimate the current sale value for 5 Launcestone Close Reading as £394,125 and the rental value as £1,505 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 5 Launcestone Close Reading has decreased by £3,502 (0.9%) and its rental value has increased by £60 per month (4.0%).
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 5, Launcestone Close, Reading is in very good condition we estimate a sale value of £413,831 and rental value of £1,580 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £366,536 and a rental value of £1,399 per month.
If you were able to purchase this property for the estimated value of £394,125, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,937 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, Launcestone Close, Reading sits on a plot of 201m2.
We have plot size data on 22 out of 29 other houses in the postcode and 5, Launcestone Close, Reading sits on the 22nd largest plot.
According to HM Land Registry, 5, Launcestone Close, Reading was last sold on 12 Apr 2019 for £400,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2019, the market for similar properties has risen 18.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Launcestone Close, Reading within a radius of 620 metres over the last 2 years.
The most recent example is 7, Richborough Close, Reading, RG6 5PW, a Freehold house which sold for £485,000 in Sep 2022.
Read more about house prices in RG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Launcestone Close, Earley, Reading, RG6 has a total of 29 addresses. According to our analysis of all the public data, 5, Launcestone Close, Reading is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in RG6.
5, Launcestone Close, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jan 2019.
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, Launcestone Close, Reading is Earley station which is 1.2 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, Launcestone Close, Reading, 52.4% of property is privately owned outright and 38.7% 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 5, Launcestone Close, Reading, 26.4% of residents are recorded as possessing school level qualifications and 52.0% 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, Launcestone Close, Reading, the average age was 38.8 and the most common age was 17.
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, Launcestone Close, Reading, 2.3% 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 5, Launcestone Close, 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.