According to the public record, 4B, Springhill Road, Reading is a mid-century leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 4, Springhill Road, Goring, Reading, RG8.
Springhill Road, Goring, Reading, RG8 is located in the borough of South Oxfordshire within the RG8 postal district.
4B, Springhill Road, Reading has 41 entries in the Land Registry database, most recently in March 2022 and a single entry in the EPC database dated March 2015.
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 4B Springhill Road Reading as £287,359 and the rental value as £1,214 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 4B Springhill Road Reading has increased by £1,778 (0.6%) and its rental value has increased by £75 per month (6.2%).
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 4B, Springhill Road, Reading is in very good condition we estimate a sale value of £301,727 and rental value of £1,274 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,244 and a rental value of £1,129 per month.
If you were able to purchase this property for the estimated value of £287,359, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,412 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, 4B, Springhill Road, Reading was last sold on 28 Mar 2022 for £295,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2022, the market for similar properties has dropped 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4B, Springhill Road, Reading within a radius of 2.0 kilometres over the last 2 years.
The most recent example is 6 Maisonettes, Icknield Road, Reading, RG8 0DH, a Leasehold flat which sold for £285,000 in Nov 2023.
Read more about house prices in RG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springhill Road, Goring, Reading, RG8 has a total of 54 addresses. According to our analysis of all the public data, 4B, Springhill Road, Reading is the 53rd largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £430k less expensive than the average property in RG8.
4B, Springhill Road, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Mar 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 4B, Springhill Road, Reading is Goring & Streatley station which is 1.0 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 4B, Springhill Road, Reading, 32.8% of property is privately owned with a mortgage and 26.7% is privately owned outright.
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 4B, Springhill Road, Reading, 22.6% of residents are recorded as possessing school level qualifications and 48.1% 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 4B, Springhill Road, Reading, the average age was 39.1 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 4B, Springhill Road, Reading, 2.7% 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 4B, Springhill Road, 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.