According to the public record, 97, Southcote Lane, Reading is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 805 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Southcote Lane, Reading, RG30 is located within the RG30 postal district.
97, Southcote Lane, Reading has a single entry in the Land Registry database from June 2009 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 97 Southcote Lane Reading as £340,528 and the rental value as £1,515 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 97 Southcote Lane Reading has decreased by £5,303 (1.6%) and its rental value has increased by £63 per month (4.2%).
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 97, Southcote Lane, Reading is in very good condition we estimate a sale value of £357,554 and rental value of £1,591 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £316,691 and a rental value of £1,409 per month.
If you were able to purchase this property for the estimated value of £340,528, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,674 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, 97, Southcote Lane, Reading was last sold on 26 Jun 2009 for £190,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2009, the market for similar properties has risen 79.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 97, Southcote Lane, Reading within a radius of 630 metres over the last 2 years.
The most recent example is 22, Aldworth Close, Reading, RG30 3ER, a Freehold house which sold for £425,000 in Nov 2022.
Read more about house prices in RG30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southcote Lane, Reading, RG30 has a total of 370 addresses. According to our analysis of all the public data, 97, Southcote Lane, Reading is the 208th largest and the 132nd most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in RG30.
The closest station to 97, Southcote Lane, Reading is Reading West station which is 1.6 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 97, Southcote Lane, Reading, 39.0% of property is privately owned with a mortgage and 31.1% is socially 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 97, Southcote Lane, Reading, 21.2% of residents are recorded as possessing school level qualifications and 40.3% 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 97, Southcote Lane, Reading, the average age was 39.5 and the most common age was 37.
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 97, Southcote Lane, Reading, 0.5% 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 97, Southcote Lane, 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.