According to the public record, Merryways, Reading is a period freehold house with 1,743 ft2 of internal area and sits on a 579 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Southend Road, Bradfield Southend, Reading, RG7 is located within the RG7 postal district.
Merryways, Reading has 31 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated May 2020.
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 Merryways Reading as £761,223 and the rental value as £2,148 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of Merryways Reading has decreased by £20,211 (2.7%) and its rental value has increased by £39 per month (1.8%).
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 Merryways, Reading is in very good condition we estimate a sale value of £799,284 and rental value of £2,255 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £707,938 and a rental value of £1,997 per month.
If you were able to purchase this property for the estimated value of £761,223, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,741 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, Merryways, Reading sits on a plot of 579m2.
We have plot size data on 16 out of 32 other houses in the postcode and Merryways, Reading sits on the 8th largest plot.
According to HM Land Registry, Merryways, Reading was last sold on 23 Sep 2021 for £679,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2021, the market for similar properties has risen 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Merryways, Reading within a radius of 3.6 kilometres over the last 2 years.
The most recent example is Bartens, Southend Road, Reading, RG7 6ES, a Freehold house which sold for £565,000 in Jul 2017.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southend Road, Bradfield Southend, Reading, RG7 has a total of 116 addresses. According to our analysis of all the public data, Merryways, Reading is the 46th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £237k more expensive than the average property in RG7.
Merryways, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 May 2020.
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 Merryways, Reading is Aldermaston station which is 3.1 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 Merryways, Reading, 48.6% of property is privately owned outright and 42.3% 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 Merryways, Reading, 14.1% of residents are recorded as possessing school level qualifications and 50.9% 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 Merryways, Reading, the average age was 42 and the most common age was 17.
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 Merryways, Reading, 3.0% 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 Merryways, Reading, there are an average of 2.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.