According to the public record, 78, Tippett Rise, Reading is a modern leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Tippett Rise, Reading, RG2 is located within the RG2 postal district.
78, Tippett Rise, Reading has 31 entries in the Land Registry database, most recently in June 2024 and a single entry in the EPC database dated October 2022.
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 78 Tippett Rise Reading as £136,046 and the rental value as £768 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 78 Tippett Rise Reading has increased by £670 (0.5%) and its rental value has increased by £49 per month (6.3%).
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 78, Tippett Rise, Reading is in very good condition we estimate a sale value of £142,848 and rental value of £807 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,523 and a rental value of £715 per month.
If you were able to purchase this property for the estimated value of £136,046, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £669 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, 78, Tippett Rise, Reading was last sold on 14 Jun 2024 for £125,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2024, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Tippett Rise, Reading within a radius of 390 metres over the last 2 years.
The most recent example is 65, Tippett Rise, Reading, RG2 0DJ, a Leasehold flat which sold for £123,000 in Dec 2023.
Read more about house prices in RG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tippett Rise, Reading, RG2 has a total of 104 addresses. According to our analysis of all the public data, 78, Tippett Rise, Reading is the 96th largest and the 96th most expensive property on the street.
When compared to the postcode district it is £231k less expensive than the average property in RG2.
78, Tippett Rise, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Oct 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric heaters.
The closest station to 78, Tippett Rise, Reading is Reading station which is 1.4 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 78, Tippett Rise, Reading, 53.0% of property is privately rented and 37.3% 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 78, Tippett Rise, Reading, 14.8% of residents are recorded as possessing school level qualifications and 47.4% 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 78, Tippett Rise, 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 78, Tippett Rise, 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 78, Tippett Rise, Reading, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.