According to the public record, 7, Mill Lane, Reading is a period freehold house with 635 ft2 of internal area and sits on a 321 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Mill Lane, Padworth, Reading, RG7 is located within the RG7 postal district.
7, Mill Lane, Reading has a single entry in the Land Registry database from June 2017 and a single entry in the EPC database dated December 2013.
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 7 Mill Lane Reading as £389,040 and the rental value as £1,426 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 7 Mill Lane Reading has decreased by £694 (0.2%) and its rental value has increased by £75 per month (5.2%).
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, Mill Lane, Reading is in very good condition we estimate a sale value of £408,492 and rental value of £1,497 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £361,807 and a rental value of £1,326 per month.
If you were able to purchase this property for the estimated value of £389,040, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,912 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, 7, Mill Lane, Reading sits on a plot of 321m2.
We have plot size data on 8 out of 13 other houses in the postcode and 7, Mill Lane, Reading sits on the 8th largest plot.
According to HM Land Registry, 7, Mill Lane, Reading was last sold on 05 Jun 2017 for £268,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2017, the market for similar properties has risen 13.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Mill Lane, Reading within a radius of 3.7 kilometres over the last 2 years.
The most recent example is Thornford House, Mill Lane, Reading, RG7 4GD, a Freehold house which sold for £335,000 in May 2023.
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, 7, Mill Lane, Reading is the 34th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £136k less expensive than the average property in RG7.
7, Mill Lane, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Dec 2013.
The property is connected to mains gas and has partial secondary glazing. It is heated using a boiler and radiators.
The closest station to 7, 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 7, 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 7, 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 7, 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 7, 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 7, 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.