According to the public record, 8, Lancing Close, Reading is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 899 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lancing Close, Reading, RG30 is located within the RG30 postal district.
8, Lancing Close, Reading has 31 entries in the Land Registry database, most recently in April 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Lancing Close Reading as £318,017 and the rental value as £1,500 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 8 Lancing Close Reading has decreased by £3,627 (1.1%) and its rental value has increased by £69 per month (4.6%).
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 8, Lancing Close, Reading is in very good condition we estimate a sale value of £333,918 and rental value of £1,575 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £295,756 and a rental value of £1,395 per month.
If you were able to purchase this property for the estimated value of £318,017, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,563 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, 8, Lancing Close, Reading was last sold on 27 Apr 2007 for £191,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Apr 2007, the market for similar properties has risen 52.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Lancing Close, Reading within a radius of 370 metres over the last 2 years.
The most recent example is 3, Wood Green Close, Reading, RG30 2AW, a Freehold house which sold for £385,000 in Sep 2023.
Read more about house prices in RG30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancing Close, Reading, RG30 has a total of 9 addresses. According to our analysis of all the public data, 8, Lancing Close, Reading is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £3k less expensive than the average property in RG30.
The closest station to 8, Lancing Close, Reading is Reading West station which is 400 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 8, Lancing Close, Reading, 35.5% of property is privately owned with a mortgage and 30.3% is privately rented.
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 8, Lancing Close, Reading, 15.2% of residents are recorded as possessing school level qualifications and 42.8% 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 8, Lancing Close, Reading, the average age was 36.7 and the most common age was 32.
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 8, Lancing Close, 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 8, Lancing Close, 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.