According to the public record, 5A, Spring Close, Reading is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,999 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Spring Close, Upper Basildon, Reading, RG8 is located within the RG8 postal district.
5A, Spring Close, Reading has 2 entries in the Land Registry database, most recently in December 2018 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 5A Spring Close Reading as £839,744 and the rental value as £2,902 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 5A Spring Close Reading has decreased by £19,208 (2.3%) and its rental value has increased by £90 per month (3.1%).
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 5A, Spring Close, Reading is in very good condition we estimate a sale value of £881,731 and rental value of £3,047 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £780,962 and a rental value of £2,699 per month.
If you were able to purchase this property for the estimated value of £839,744, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,127 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, 5A, Spring Close, Reading was last sold on 18 Dec 2018 for £860,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2018, the market for similar properties has risen 12.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5A, Spring Close, Reading within a radius of 2.9 kilometres over the last 2 years.
The most recent example is 1, Spring Close, Reading, RG8 8JQ, a Freehold house which sold for £930,000 in May 2024.
Read more about house prices in RG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Close, Upper Basildon, Reading, RG8 has a total of 10 addresses. According to our analysis of all the public data, 5A, Spring Close, Reading is the 5th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £123k more expensive than the average property in RG8.
The closest station to 5A, Spring Close, Reading is Pangbourne station which is 2.4 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 5A, Spring Close, Reading, 35.5% of property is socially rented and 34.7% 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 5A, Spring Close, Reading, 19.1% of residents are recorded as possessing school level qualifications and 34.8% 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 5A, Spring Close, Reading, the average age was 43.7 and the most common age was 57.
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 5A, Spring Close, Reading, 1.5% 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 5A, Spring Close, Reading, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.