According to the public record, 7, Falcon Avenue, Reading is a mid-century house with 1,054 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Falcon Avenue, Reading, RG2 is located within the RG2 postal district.
7, Falcon Avenue, Reading has no records in the Land Registry database and a single entry in the EPC database dated November 2021.
We combine this information with public data 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 7 Falcon Avenue Reading as £377,445 and the rental value as £1,803 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 7 Falcon Avenue Reading has decreased by £5,506 (1.5%) and its rental value has increased by £75 per month (4.2%).
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 7, Falcon Avenue, Reading is in very good condition we estimate a sale value of £396,317 and rental value of £1,893 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £351,023 and a rental value of £1,677 per month.
If you were able to purchase this property for the estimated value of £377,445, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,855 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Falcon Avenue, Reading within a radius of 165m over the last 2 years.
The most recent example is 56, Westlands Avenue, Reading, RG2 8EW, a Freehold house which sold for £355,000 in Jul 2023.
Read more about house prices in RG2.
Falcon Avenue, Reading, RG2 has a total of 38 addresses. According to our analysis of all the public data, 7, Falcon Avenue, Reading is the 7th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £11k more expensive than the average property in RG2.
7, Falcon Avenue, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Nov 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 7, Falcon Avenue, Reading is Earley station which is 2.5 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 7, Falcon Avenue, Reading, 46.2% of property is socially rented and 22.7% 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 7, Falcon Avenue, Reading, 23.4% of residents are recorded as possessing school level qualifications and 18.6% 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 7, Falcon Avenue, Reading, the average age was 37.1 and the most common age was 42.
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 7, Falcon Avenue, 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 7, Falcon Avenue, Reading, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.