According to the public record, 7, Powley Place, Reading is a modern freehold house with 1,463 ft2 of internal area and sits on a 131 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Powley Place, Tilehurst, Reading, RG31 is located within the RG31 postal district.
7, Powley Place, Reading has 2 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated October 2016.
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 Powley Place Reading as £508,566 and the rental value as £2,206 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 7 Powley Place Reading has decreased by £15,283 (3.0%) and its rental value has increased by £63 per month (2.9%).
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, Powley Place, Reading is in very good condition we estimate a sale value of £533,994 and rental value of £2,316 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £472,966 and a rental value of £2,051 per month.
If you were able to purchase this property for the estimated value of £508,566, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,499 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, Powley Place, Reading sits on a plot of 131m2.
We have plot size data on 11 out of 11 other houses in the postcode and 7, Powley Place, Reading sits on the 6th largest plot.
According to HM Land Registry, 7, Powley Place, Reading was last sold on 12 May 2022 for £500,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2022, the market for similar properties has dropped 6.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Powley Place, Reading within a radius of 840 metres over the last 2 years.
The most recent example is 8, Powley Place, Reading, RG31 6AG, a Freehold house which sold for £505,000 in Apr 2022.
Read more about house prices in RG31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Powley Place, Tilehurst, Reading, RG31 has a total of 11 addresses. According to our analysis of all the public data, 7, Powley Place, Reading is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £77k more expensive than the average property in RG31.
7, Powley Place, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Oct 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 7, Powley Place, Reading is Tilehurst station which is 600 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, Powley Place, Reading, 43.9% of property is privately owned outright and 39.8% 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, Powley Place, Reading, 16.6% of residents are recorded as possessing school level qualifications and 56.2% 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 7, Powley Place, Reading, the average age was 43.9 and the most common age was 52.
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, Powley Place, Reading, 0.4% 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, Powley Place, 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.