According to the public record, 50, Park Lane, Reading is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,362 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Park Lane, Tilehurst, Reading, RG31 is located within the RG31 postal district.
50, Park Lane, Reading has a single entry in the Land Registry database from November 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 50 Park Lane Reading as £543,066 and the rental value as £2,240 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 50 Park Lane Reading has decreased by £16,671 (3.1%) and its rental value has increased by £68 per month (3.0%).
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 50, Park Lane, Reading is in very good condition we estimate a sale value of £570,219 and rental value of £2,352 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £505,051 and a rental value of £2,083 per month.
If you were able to purchase this property for the estimated value of £543,066, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,669 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 HM Land Registry, 50, Park Lane, Reading was last sold on 19 Nov 2007 for £350,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2007, the market for similar properties has risen 57.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, Park Lane, Reading within a radius of 560 metres over the last 2 years.
The most recent example is 61, Park Lane, Reading, RG31 5DP, a Freehold house which sold for £610,000 in Oct 2022.
Read more about house prices in RG31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Lane, Tilehurst, Reading, RG31 has a total of 136 addresses. According to our analysis of all the public data, 50, Park Lane, Reading is the 23rd largest and the 17th most expensive property on the street.
When compared to the postcode district it is £112k more expensive than the average property in RG31.
The closest station to 50, Park Lane, Reading is Tilehurst station which is 2.2 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 50, Park Lane, Reading, 65.2% of property is privately owned outright and 27.8% 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 50, Park Lane, Reading, 11.9% of residents are recorded as possessing school level qualifications and 27.9% 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 50, Park Lane, Reading, the average age was 41.7 and the most common age was 52.
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 50, Park Lane, 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 50, Park Lane, 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.