According to the public record, The New House, Reading is a mid-century freehold house with 947 ft2 of internal area and sits on a 264 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Crown Lane, Theale, Reading, RG7 is located within the RG7 postal district.
The New House, Reading has 71 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated April 2017.
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 The New House Reading as £434,325 and the rental value as £1,835 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of The New House Reading has decreased by £1,602 (0.4%) and its rental value has increased by £106 per month (5.8%).
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 New House, Reading is in very good condition we estimate a sale value of £456,042 and rental value of £1,927 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £403,923 and a rental value of £1,707 per month.
If you were able to purchase this property for the estimated value of £434,325, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,135 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, The New House, Reading sits on a plot of 264m2.
We have plot size data on 14 out of 38 other houses in the postcode and The New House, Reading sits on the 7th largest plot.
According to HM Land Registry, The New House, Reading was last sold on 15 Dec 2022 for £500,000 and was recorded as a freehold house.
The property has had 7 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The New House, Reading within a radius of 1.5 kilometres over the last 2 years.
The most recent example is 6, Blossom Lane, Reading, RG7 5BD, a Freehold house which sold for £420,000 in May 2022.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Crown Lane, Theale, Reading, RG7 has a total of 51 addresses. According to our analysis of all the public data, The New House, Reading is the 11th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £90k less expensive than the average property in RG7.
The New House, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Apr 2017.
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 The New House, Reading is Theale station which is 600 metres 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 New House, Reading, 32.8% of property is privately owned outright and 26.9% 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 New House, Reading, 16.7% of residents are recorded as possessing school level qualifications and 29.3% 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 New House, Reading, the average age was 41.2 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 The New House, 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 The New House, Reading, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.