According to the public record, 56B, Grove Road, Reading is a modern freehold house with 1,754 ft2 of internal area and sits on a 1,128 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Grove Road, Sonning Common, Reading, RG4 is located in the borough of South Oxfordshire within the RG4 postal district.
56B, Grove Road, Reading has a single entry in the Land Registry database from January 2023 and a single entry in the EPC database dated December 2022.
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 56B Grove Road Reading as £884,573 and the rental value as £2,255 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of 56B Grove Road Reading has decreased by £14,291 (1.6%) and its rental value has increased by £66 per month (2.9%).
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 56B, Grove Road, Reading is in very good condition we estimate a sale value of £928,802 and rental value of £2,368 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £822,653 and a rental value of £2,097 per month.
If you were able to purchase this property for the estimated value of £884,573, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,347 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, 56B, Grove Road, Reading sits on a plot of 1128m2.
We have plot size data on 12 out of 33 other houses in the postcode and 56B, Grove Road, Reading sits on the 3rd largest plot.
According to HM Land Registry, 56B, Grove Road, Reading was last sold on 27 Jan 2023 for £950,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2023, the market for similar properties has dropped 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56B, Grove Road, Reading within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 60, Grove Road, Reading, RG4 9RL, a Freehold house which sold for £526,200 in Nov 2023.
Read more about house prices in RG4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grove Road, Sonning Common, Reading, RG4 has a total of 80 addresses. According to our analysis of all the public data, 56B, Grove Road, Reading is the 23rd largest and the 17th most expensive property on the street.
When compared to the postcode district it is £320k more expensive than the average property in RG4.
56B, Grove Road, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Dec 2022.
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 56B, Grove Road, Reading is Henley-on-Thames station which is 5.9 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 56B, Grove Road, Reading, 52.9% of property is privately owned outright and 37.6% 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 56B, Grove Road, Reading, 18.2% of residents are recorded as possessing school level qualifications and 47.8% 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 56B, Grove Road, Reading, the average age was 45.4 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 56B, Grove Road, Reading, 1.1% 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 56B, Grove 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.