According to the public record, 9, Wavell Close, Reading is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 614 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Wavell Close, Reading, RG2 is located within the RG2 postal district.
9, Wavell Close, Reading has 31 entries in the Land Registry database, most recently in May 2008 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 9 Wavell Close Reading as £198,169 and the rental value as £1,105 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 9 Wavell Close Reading has decreased by £116 (0.1%) and its rental value has increased by £63 per month (5.7%).
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 9, Wavell Close, Reading is in very good condition we estimate a sale value of £208,077 and rental value of £1,160 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,297 and a rental value of £1,028 per month.
If you were able to purchase this property for the estimated value of £198,169, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £974 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, 9, Wavell Close, Reading was last sold on 08 May 2008 for £143,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2008, the market for similar properties has risen 39.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Wavell Close, Reading within a radius of 201m over the last 2 years.
The most recent example is 8 Downham Court, Shinfield Road, Reading, RG2 8HP, a Leasehold flat which sold for £175,000 in Jan 2024.
Read more about house prices in RG2.
Wavell Close, Reading, RG2 has a total of 24 addresses. According to our analysis of all the public data, 9, Wavell Close, Reading is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in RG2.
The closest station to 9, Wavell Close, Reading is Earley station which is 2.5 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 9, Wavell Close, Reading, 42.1% of property is socially rented and 23.8% 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 9, Wavell Close, Reading, 18.8% of residents are recorded as possessing school level qualifications and 35.1% 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 9, Wavell Close, Reading, the average age was 37.1 and the most common age was 42.
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 9, Wavell 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 9, Wavell Close, Reading, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.