According to the public record, 8, Weaver Avenue, Reading is a modern leasehold apartment and with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Weaver Avenue, Arborfield Green, Reading, RG2 is located within the RG2 postal district.
8, Weaver Avenue, Reading has 2 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated July 2018.
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 8 Weaver Avenue Reading as £334,219 and the rental value as £1,636 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 8 Weaver Avenue Reading has increased by £3,404 (1.0%) and its rental value has increased by £76 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, Weaver Avenue, Reading is in very good condition we estimate a sale value of £350,930 and rental value of £1,718 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £310,823 and a rental value of £1,522 per month.
If you were able to purchase this property for the estimated value of £334,219, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,643 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, Weaver Avenue, Reading was last sold on 15 Mar 2023 for £325,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2023, the market for similar properties has risen 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Weaver Avenue, Reading within a radius of 226m over the last 2 years.
The most recent example is Flat 9, March House 29, Carol Grove, Reading, RG2 9UL, a Leasehold flat which sold for £279,950 in Jun 2021.
Read more about house prices in RG2.
Weaver Avenue, Arborfield Green, Reading, RG2 has a total of 29 addresses. According to our analysis of all the public data, 8, Weaver Avenue, Reading is the 20th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in RG2.
8, Weaver Avenue, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Jul 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to 8, Weaver Avenue, Reading is Wokingham station which is 5.3 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 8, Weaver Avenue, Reading, 70.3% of property is socially rented and 10.8% 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 8, Weaver Avenue, Reading, 29.3% of residents are recorded as possessing school level qualifications and 21.9% 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, Weaver Avenue, Reading, the average age was 37 and the most common age was 12.
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, Weaver 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 8, Weaver 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.