According to the public record, 62, Essex Street, Reading is a period freehold house with 957 ft2 of internal area and sits on a 84.5 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Essex Street, Reading, RG2 is located within the RG2 postal district.
62, Essex Street, Reading has 41 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated June 2021.
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 62 Essex Street Reading as £292,336 and the rental value as £1,422 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 62 Essex Street Reading has increased by £1,753 (0.6%) and its rental value has increased by £92 per month (6.4%).
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 62, Essex Street, Reading is in very good condition we estimate a sale value of £306,952 and rental value of £1,494 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,872 and a rental value of £1,323 per month.
If you were able to purchase this property for the estimated value of £292,336, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,437 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, 62, Essex Street, Reading sits on a plot of 85m2.
We have plot size data on 48 out of 62 other houses in the postcode and 62, Essex Street, Reading sits on the 44th largest plot.
According to HM Land Registry, 62, Essex Street, Reading was last sold on 29 Sep 2023 for £330,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Sep 2023, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 62, Essex Street, Reading within a radius of 380 metres over the last 2 years.
The most recent example is 42, Essex Street, Reading, RG2 0EH, a Freehold house which sold for £310,000 in Jul 2023.
Read more about house prices in RG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Essex Street, Reading, RG2 has a total of 74 addresses. According to our analysis of all the public data, 62, Essex Street, Reading is the 39th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in RG2.
62, Essex Street, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Jun 2021.
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 62, Essex Street, Reading is Reading station which is 1.5 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 62, Essex Street, Reading, 57.3% of property is privately rented and 17.5% 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 62, Essex Street, Reading, 22.1% of residents are recorded as possessing school level qualifications and 32.7% 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 62, Essex Street, Reading, the average age was 33.9 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 62, Essex Street, Reading, 0.3% 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 62, Essex 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.