According to the public record, 5, Lorne Street, Reading is a period freehold house with 1,776 ft2 of internal area and sits on a 207 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Lorne Street, Reading, RG1 is located within the RG1 postal district.
5, Lorne Street, Reading has 21 entries in the Land Registry database, most recently in September 2012 and a single entry in the EPC database dated July 2012.
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 Lorne Street Reading as £544,612 and the rental value as £2,312 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 5 Lorne Street Reading has decreased by £13,913 (2.6%) and its rental value has increased by £72 per month (3.1%).
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, Lorne Street, Reading is in very good condition we estimate a sale value of £571,842 and rental value of £2,428 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £506,489 and a rental value of £2,151 per month.
If you were able to purchase this property for the estimated value of £544,612, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,677 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, Lorne Street, Reading sits on a plot of 207m2.
We have plot size data on 17 out of 28 other houses in the postcode and 5, Lorne Street, Reading sits on the 3rd largest plot.
According to HM Land Registry, 5, Lorne Street, Reading was last sold on 25 Sep 2012 for £295,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2012, the market for similar properties has risen 50.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Lorne Street, Reading within a radius of 340 metres over the last 2 years.
The most recent example is 39, Argyle Road, Reading, RG1 7YL, a Freehold house which sold for £625,000 in Sep 2022.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lorne Street, Reading, RG1 has a total of 87 addresses. According to our analysis of all the public data, 5, Lorne Street, Reading is the 4th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £248k more expensive than the average property in RG1.
5, Lorne Street, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 20 Jul 2012.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 5, Lorne Street, Reading is Reading West station which is 200 metres 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, Lorne Street, Reading, 66.0% of property is privately rented and 16.0% 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, Lorne Street, Reading, 16.7% of residents are recorded as possessing school level qualifications and 42.7% 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, Lorne Street, Reading, the average age was 34 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 5, Lorne Street, Reading, 0.0% 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, Lorne Street, Reading, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.