According to the public record, Melvaig, Reading is a mid-century freehold house with 1,011 ft2 of internal area and sits on a 4,193 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Whitehall Lane, Checkendon, Reading, RG8 is located in the borough of South Oxfordshire within the RG8 postal district.
Melvaig, Reading has a single entry in the Land Registry database from November 2018 and a single entry in the EPC database dated July 2018.
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 Melvaig Reading as £690,887 and the rental value as £2,249 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of Melvaig Reading has decreased by £4,702 (0.7%) and its rental value has increased by £96 per month (4.3%).
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 Melvaig, Reading is in very good condition we estimate a sale value of £725,431 and rental value of £2,361 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £642,525 and a rental value of £2,092 per month.
If you were able to purchase this property for the estimated value of £690,887, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,395 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, Melvaig, Reading sits on a plot of 4193m2.
We have plot size data on 18 out of 35 other houses in the postcode and Melvaig, Reading sits on the 4th largest plot.
According to HM Land Registry, Melvaig, Reading was last sold on 23 Nov 2018 for £633,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2018, the market for similar properties has risen 16.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Melvaig, Reading within a radius of 3.4 kilometres over the last 2 years.
The most recent example is Woodfield Cottage, Whitehall Lane, Reading, RG8 0TN, a Freehold house which sold for £435,000 in May 2023.
Read more about house prices in RG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Whitehall Lane, Checkendon, Reading, RG8 has a total of 49 addresses. According to our analysis of all the public data, Melvaig, Reading is the 39th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £26k less expensive than the average property in RG8.
Melvaig, Reading has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 10 Jul 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to Melvaig, Reading is Goring & Streatley station which is 7.1 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 Melvaig, Reading, 46.7% of property is privately owned with a mortgage and 43.8% 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 Melvaig, Reading, 25.3% of residents are recorded as possessing school level qualifications and 60.1% 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 Melvaig, Reading, the average age was 45.3 and the most common age was 52.
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 Melvaig, Reading, 3.5% 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 Melvaig, Reading, there are an average of 2.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.