According to the public record, 58, Lea Road, Reading is a mid-century leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lea Road, Sonning Common, Reading, RG4 is located in the borough of South Oxfordshire within the RG4 postal district.
58, Lea Road, Reading has 2 entries in the Land Registry database, most recently in December 2018 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 58 Lea Road Reading as £249,950 and the rental value as £1,226 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 58 Lea Road Reading has increased by £1,117 (0.4%) and its rental value has increased by £62 per month (5.1%).
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 58, Lea Road, Reading is in very good condition we estimate a sale value of £262,447 and rental value of £1,287 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,453 and a rental value of £1,140 per month.
If you were able to purchase this property for the estimated value of £249,950, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,228 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, 58, Lea Road, Reading was last sold on 19 Dec 2018 for £275,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2018, the market for similar properties has risen 6.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Lea Road, Reading within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 64, Lea Road, Reading, RG4 9LJ, a Leasehold flat which sold for £242,500 in Aug 2022.
Read more about house prices in RG4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lea Road, Sonning Common, Reading, RG4 has a total of 95 addresses. According to our analysis of all the public data, 58, Lea Road, Reading is the 63rd largest and the 75th most expensive property on the street.
When compared to the postcode district it is £315k less expensive than the average property in RG4.
58, Lea Road, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 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 58, Lea Road, Reading is Henley-on-Thames station which is 5.9 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 58, Lea Road, Reading, 45.0% of property is privately owned outright and 23.6% 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 58, Lea Road, Reading, 12.4% of residents are recorded as possessing school level qualifications and 35.2% 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 58, Lea Road, Reading, the average age was 45.4 and the most common age was 57.
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 58, Lea Road, 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 58, Lea Road, Reading, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.