According to the public record, Magnolia House, Reading is a mid-century freehold house and with 2,389 ft2 of internal area and sits on a 1,143 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Church Lane, Arborfield, Reading, RG2 is located within the RG2 postal district.
Magnolia House, Reading has a single entry in the Land Registry database from May 2006 and a single entry in the EPC database dated August 2021.
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 Magnolia House Reading as £1,351,105 and the rental value as £4,768 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of Magnolia House Reading has decreased by £21,334 (1.6%) and its rental value has increased by £119 per month (2.5%).
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 Magnolia House, Reading is in very good condition we estimate a sale value of £1,418,661 and rental value of £5,006 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,256,528 and a rental value of £4,434 per month.
If you were able to purchase this property for the estimated value of £1,351,105, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,640 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, Magnolia House, Reading sits on a plot of 1143m2.
We have plot size data on 5 out of 7 other houses in the postcode and Magnolia House, Reading sits on the 5th largest plot.
According to HM Land Registry, Magnolia House, Reading was last sold on 17 May 2006 for £500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Magnolia House, Reading within a radius of 97m over the last 2 years.
The most recent example is Badgerwood, Church Lane, Reading, RG2 9JB, a Freehold house which sold for £1,625,000 in Nov 2021.
Read more about house prices in RG2.
Church Lane, Arborfield, Reading, RG2 has a total of 43 addresses. According to our analysis of all the public data, Magnolia House, Reading is the 19th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £984k more expensive than the average property in RG2.
Magnolia House, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Aug 2021.
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 Magnolia House, Reading is Winnersh Triangle station which is 4.3 km 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 Magnolia House, Reading, 41.4% of property is privately owned outright and 41.4% 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 Magnolia House, Reading, 24.2% of residents are recorded as possessing school level qualifications and 38.1% 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 Magnolia House, Reading, the average age was 37 and the most common age was 12.
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 Magnolia House, 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 Magnolia House, 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.