According to the public record, 6, Mill Lane, Reading is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 785 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Mill Lane, Padworth, Reading, RG7 is located within the RG7 postal district.
6, Mill Lane, Reading has 21 entries in the Land Registry database, most recently in August 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 6 Mill Lane Reading as £444,684 and the rental value as £1,616 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 6 Mill Lane Reading has decreased by £3,419 (0.8%) and its rental value has increased by £74 per month (4.6%).
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 6, Mill Lane, Reading is in very good condition we estimate a sale value of £466,918 and rental value of £1,697 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £413,556 and a rental value of £1,503 per month.
If you were able to purchase this property for the estimated value of £444,684, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,185 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, 6, Mill Lane, Reading was last sold on 29 Aug 2007 for £220,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2007, the market for similar properties has risen 51.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Mill Lane, Reading within a radius of 3.7 kilometres over the last 2 years.
The most recent example is 82, Fallows Road, Reading, RG7 4GX, a Freehold house which sold for £361,000 in Mar 2020.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Padworth, Reading, RG7 has a total of 36 addresses. According to our analysis of all the public data, 6, Mill Lane, Reading is the 23rd largest and the 21st most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in RG7.
The closest station to 6, Mill Lane, Reading is Aldermaston station which is 500 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 6, Mill Lane, Reading, 47.0% of property is privately owned with a mortgage and 20.1% 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 6, Mill Lane, Reading, 21.1% of residents are recorded as possessing school level qualifications and 43.3% 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 6, Mill Lane, Reading, the average age was 42.7 and the most common age was 47.
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 6, Mill Lane, Reading, 0.6% 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 6, Mill Lane, Reading, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.