RG1 3LY is a residential postcode situated on Cholmeley Road, Reading, RG1 with 27 addresses.
It ranks as the 609th largest and 640th most expensive of the 1,007 postcodes in the RG1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 27 properties: 25 houses and 2 flats.
RG1 3LY is a residential postcode situated on Cholmeley Road, Reading, RG1 with 27 addresses.
It ranks as the 609th largest and 640th most expensive of the 1,007 postcodes in the RG1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 27 properties: 25 houses and 2 flats.
Sale prices range from £221,310 for 2 bedroom freehold houses with a garden (455 ft2) to £387,011 for 4 bedroom freehold houses with a garden (1,288 ft2) .
Monthly rental prices range from £1,290 pcm for 2 bed houses to £2,289 pcm for 4 bed houses.
The gross rental yield is between 6.1% and 7.5%.
The average value per square foot is £381.
The last sale in RG1 3LY sold for £355,000 on 19th March 2025. Since then prices are up an average of 6.7%.
The current average value in the postcode is £300,212.
The RG1 3LY Sales Market has decreased by 1.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.7% | £300,212 |
| April 2025 | -0.2% | £305,293 |
| April 2024 | -1.3% | £305,889 |
| April 2023 | 0.4% | £309,822 |
| April 2022 | 7% | £308,729 |
| April 2021 | 0.1% | £288,528 |
| April 2020 | -1.3% | £288,363 |
| April 2019 | -2.2% | £292,019 |
| April 2018 | -3.4% | £298,676 |
| April 2017 | 1.7% | £309,039 |
| April 2016 | 17.1% | £303,977 |
| April 2015 | 13.5% | £259,646 |
| April 2014 | 13.3% | £228,856 |
| April 2013 | 3.2% | £201,977 |
| April 2012 | 1.7% | £195,656 |
| April 2011 | -2.6% | £192,334 |
| April 2010 | 6.9% | £197,518 |
| April 2009 | -15% | £184,742 |
| April 2008 | 1% | £217,417 |
| April 2007 | 0% | £215,279 |
The current average rental value in the postcode is £1,742.
The RG1 3LY Rental Market has increased by 40.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3% | £1,742pcm |
| April 2025 | 2.9% | £1,692pcm |
| April 2024 | 7.2% | £1,644pcm |
| April 2023 | 12.5% | £1,534pcm |
| April 2022 | 9.1% | £1,364pcm |
| April 2021 | 0.6% | £1,250pcm |
| April 2020 | 0.2% | £1,243pcm |
| April 2019 | -0.1% | £1,240pcm |
| April 2018 | 1% | £1,241pcm |
| April 2017 | -1.2% | £1,229pcm |
| April 2016 | 3.3% | £1,244pcm |
| April 2015 | 6.9% | £1,204pcm |
| April 2014 | 5.6% | £1,126pcm |
| April 2013 | 4.1% | £1,066pcm |
| April 2012 | 4.5% | £1,024pcm |
| April 2011 | 2.8% | £980pcm |
| April 2010 | -0.3% | £953pcm |
| April 2009 | -9.4% | £956pcm |
| April 2008 | 3.4% | £1,055pcm |
| April 2007 | 0% | £1,020pcm |
The last sale was on 19th March 2025 for £355,000 and since then the market in the area has increased by 6.7%. The postcode has had a total of 32 sales since 1995.
RG1 3LY has seen 2 sales in the last three years and no sales in the last twelve months.
RG1 3LY is the 609th largest and the 640th most expensive postcode out of the 1,007 postcodes in the RG1 area.
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According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 RG1 3LY, 41.3% of property is privately rented and 29.3% is privately owned with a mortgage.
The graph below shows how this compares to South East 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 RG1 3LY, 19.0% 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 South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around RG1 3LY, the average age was 33.3 and the most common age was 22.
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 RG1 3LY, 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 RG1 3LY, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.