According to the public record, The Orchard, Reading is a mid-century freehold house with 1,754 ft2 of internal area and sits on a 530 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Spenwood Close, Spencers Wood, Reading, RG7 is located within the RG7 postal district.
The Orchard, Reading has 21 entries in the Land Registry database, most recently in June 2015 and a single entry in the EPC database dated June 2014.
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 Orchard Reading as £692,692 and the rental value as £2,214 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of The Orchard Reading has decreased by £13,804 (2.0%) and its rental value has increased by £81 per month (3.7%).
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 Orchard, Reading is in very good condition we estimate a sale value of £727,327 and rental value of £2,325 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £644,204 and a rental value of £2,059 per month.
If you were able to purchase this property for the estimated value of £692,692, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,404 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 Orchard, Reading sits on a plot of 530m2.
We have plot size data on 2 out of 5 other houses in the postcode and The Orchard, Reading sits on the largest plot.
According to HM Land Registry, The Orchard, Reading was last sold on 12 Jun 2015 for £445,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2015, the market for similar properties has risen 20.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Orchard, Reading within a radius of 880 metres over the last 2 years.
The most recent example is 2, Greenend Close, Reading, RG7 1EH, a Freehold house which sold for £675,000 in Mar 2024.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spenwood Close, Spencers Wood, Reading, RG7 has a total of 5 addresses. According to our analysis of all the public data, The Orchard, Reading is the largest and the most expensive property on the street.
When compared to the postcode district it is £168k more expensive than the average property in RG7.
The Orchard, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Jun 2014.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to The Orchard, Reading is Reading Green Park station which is 4.1 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 The Orchard, Reading, 39.2% of property is shared ownership and 30.8% 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 Orchard, Reading, 14.6% of residents are recorded as possessing school level qualifications and 33.9% 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 The Orchard, Reading, the average age was 37.6 and the most common age was 32.
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 Orchard, 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 Orchard, Reading, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.