According to the public record, 56, Phillips Drive, Reading is a modern freehold house and with 904 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Phillips Drive, Shinfield, Reading, RG2 is located within the RG2 postal district.
56, Phillips Drive, Reading has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated July 2022.
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 good condition, we estimate the current sale value for 56 Phillips Drive Reading as £439,835 and the rental value as £1,916 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 56 Phillips Drive Reading has decreased by £9,168 (2.1%) and its rental value has increased by £68 per month (3.5%).
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 56, Phillips Drive, Reading is in very good condition we estimate a sale value of £461,827 and rental value of £2,011 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £409,047 and a rental value of £1,782 per month.
If you were able to purchase this property for the estimated value of £439,835, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,162 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, 56, Phillips Drive, Reading was last sold on 22 Aug 2022 for £415,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has dropped 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Phillips Drive, Reading within a radius of 0m over the last 2 years.
The most recent example is 51, Phillips Drive, Reading, RG2 9SN, a Freehold house which sold for £495,000 in Sep 2022.
Read more about house prices in RG2.
Phillips Drive, Shinfield, Reading, RG2 has a total of 72 addresses. According to our analysis of all the public data, 56, Phillips Drive, Reading is the 23rd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £73k more expensive than the average property in RG2.
56, Phillips Drive, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Jul 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 56, Phillips Drive, Reading is Earley station which is 3.7 km 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 56, Phillips Drive, Reading, 49.6% of property is privately rented and 25.2% is socially rented.
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 56, Phillips Drive, Reading, 8.8% of residents are recorded as possessing school level qualifications and 68.5% 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 56, Phillips Drive, Reading, the average age was 33.3 and the most common age was 22.
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 56, Phillips Drive, 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 56, Phillips Drive, Reading, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.