According to the public record, The Forge, Reading is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 2,034 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
The Common, Silchester, Reading, RG7 is located in the borough of Basingstoke and Deane within the RG7 postal district.
The Forge, Reading has 21 entries in the Land Registry database, most recently in April 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for The Forge Reading as £801,332 and the rental value as £2,292 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of The Forge Reading has decreased by £21,860 (2.7%) and its rental value has increased by £41 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 The Forge, Reading is in very good condition we estimate a sale value of £841,399 and rental value of £2,407 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £745,239 and a rental value of £2,132 per month.
If you were able to purchase this property for the estimated value of £801,332, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,938 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, The Forge, Reading was last sold on 25 Apr 2008 for £582,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2008, the market for similar properties has risen 64.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Forge, Reading within a radius of 2.2 kilometres over the last 2 years.
The most recent example is 16, Lordswood, Reading, RG7 2PZ, a Freehold house which sold for £573,000 in Mar 2021.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Common, Silchester, Reading, RG7 has a total of 30 addresses. According to our analysis of all the public data, The Forge, Reading is the 3rd largest and the 6th most expensive property on the street.
When compared to the postcode district it is £277k more expensive than the average property in RG7.
The closest station to The Forge, Reading is Bramley (Hampshire) station which is 4.0 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 The Forge, Reading, 57.4% of property is privately owned outright and 36.5% 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 The Forge, Reading, 17.2% of residents are recorded as possessing school level qualifications and 50.6% 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 The Forge, Reading, the average age was 45.3 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 The Forge, Reading, 0.0% 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 The Forge, 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.