According to the public record, 12B, Grovelands Road, Reading is a modern freehold house with 1,937 ft2 of internal area and sits on a 506 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Grovelands Road, Spencers Wood, Reading, RG7 is located within the RG7 postal district.
12B, Grovelands Road, Reading has a single entry in the Land Registry database from September 2021 and a single entry in the EPC database dated August 2019.
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 good condition, we estimate the current sale value for 12B Grovelands Road Reading as £731,234 and the rental value as £2,393 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 12B Grovelands Road Reading has decreased by £21,683 (3.0%) and its rental value has increased by £63 per month (2.6%).
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 12B, Grovelands Road, Reading is in very good condition we estimate a sale value of £767,796 and rental value of £2,513 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £680,048 and a rental value of £2,226 per month.
If you were able to purchase this property for the estimated value of £731,234, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,594 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 data from HM Land Registry, 12B, Grovelands Road, Reading sits on a plot of 506m2.
We have plot size data on 18 out of 30 other houses in the postcode and 12B, Grovelands Road, Reading sits on the 12th largest plot.
According to HM Land Registry, 12B, Grovelands Road, Reading was last sold on 30 Sep 2021 for £735,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2021, the market for similar properties has dropped 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12B, Grovelands Road, Reading within a radius of 950 metres over the last 2 years.
The most recent example is 20, Elizabeth Rout Close, Reading, RG7 1DQ, a Freehold house which sold for £840,000 in Dec 2022.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grovelands Road, Spencers Wood, Reading, RG7 has a total of 30 addresses. According to our analysis of all the public data, 12B, Grovelands Road, Reading is the 9th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £207k more expensive than the average property in RG7.
12B, Grovelands Road, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 30 Aug 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 12B, Grovelands Road, Reading is Reading Green Park station which is 4.2 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 12B, Grovelands Road, Reading, 31.1% of property is privately owned outright and 30.3% 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 12B, Grovelands Road, Reading, 18.8% of residents are recorded as possessing school level qualifications and 33.6% 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 12B, Grovelands Road, Reading, the average age was 37.6 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 12B, Grovelands Road, 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 12B, Grovelands Road, Reading, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.