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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
|
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
RG7 1LBHouse Prices / South East, Wokingham, Mereoak Lane
Last updated May 2026
Key Postcode Insights
RG7 1LB is a residential postcode situated on Mereoak Lane, Grazeley, Reading, RG7 with 2 addresses.
It ranks as the 175th largest and 499th most expensive of the 1,423 postcodes in the RG7 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 2 properties: 1 house and 1 flat.
2
Properties
- Houses
- Flats
Key Postcode Insights
RG7 1LB is a residential postcode situated on Mereoak Lane, Grazeley, Reading, RG7 with 2 addresses.
It ranks as the 175th largest and 499th most expensive of the 1,423 postcodes in the RG7 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 2 properties: 1 house and 1 flat.
2
Properties
- Houses
- Flats
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House Pricesin RG7 1LB
Sale prices range from £348,744 for 3 bedroom Leasehold flats (990 ft2) to £564,986 for 4 bedroom freehold houses with a garden (1,517 ft2) .
Monthly rental prices range from £1,330 pcm for 3 bed flats to £2,091 pcm for 4 bed houses.
The gross rental yield is between 4.4% and 4.6%.
The average value per square foot is £362.
Average Sale Value
£456,865
Average Rental Value
£1,710 pcm
Average Rental Yield
4.5% /year
Average Value Per Sqft
£362 /ft2
Sales Market Trendsin RG7 1LB
The last sale in RG7 1LB sold for £530,000 on 11th June 2021. Since then prices are up an average of 2.6%.
The current average value in the postcode is £456,865.
The RG7 1LB Sales Market has increased by 4.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.8% | £456,865 |
| April 2025 | -0.9% | £470,000 |
| April 2024 | 0.7% | £474,485 |
| April 2023 | 1.5% | £471,053 |
| April 2022 | 5.3% | £464,163 |
| April 2021 | 2% | £440,882 |
| April 2020 | -1.1% | £432,316 |
| April 2019 | -0.8% | £437,285 |
| April 2018 | -0.8% | £440,795 |
| April 2017 | 1.2% | £444,242 |
| April 2016 | 14.8% | £439,160 |
| April 2015 | 11.8% | £382,409 |
| April 2014 | 11.7% | £342,082 |
| April 2013 | 5.7% | £306,193 |
| April 2012 | 1.7% | £289,561 |
| April 2011 | -2% | £284,769 |
| April 2010 | 6.7% | £290,665 |
| April 2009 | -13.3% | £272,430 |
| April 2008 | 0.7% | £314,107 |
| April 2007 | 0% | £312,021 |
Rental Market Trendsin RG7 1LB
The current average rental value in the postcode is £1,710.
The RG7 1LB Rental Market has increased by 34.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.7% | £1,710pcm |
| April 2025 | 1.7% | £1,682pcm |
| April 2024 | 7.9% | £1,654pcm |
| April 2023 | 10.5% | £1,533pcm |
| April 2022 | 7.1% | £1,386pcm |
| April 2021 | 3% | £1,295pcm |
| April 2020 | -0.1% | £1,257pcm |
| April 2019 | 1.7% | £1,259pcm |
| April 2018 | -1.3% | £1,238pcm |
| April 2017 | -1.3% | £1,255pcm |
| April 2016 | 3.8% | £1,272pcm |
| April 2015 | 5.5% | £1,225pcm |
| April 2014 | 5% | £1,161pcm |
| April 2013 | 5.5% | £1,105pcm |
| April 2012 | 4.4% | £1,048pcm |
| April 2011 | 3.1% | £1,004pcm |
| April 2010 | 0.7% | £974pcm |
| April 2009 | -8.9% | £967pcm |
| April 2008 | 4.3% | £1,062pcm |
| April 2007 | 0% | £1,017pcm |
Explore Buildingsin RG7 1LB, Mereoak Lane, Grazeley, Reading, RG7
Sales Historyin RG7 1LB
The last sale was on 11th June 2021 for £530,000 and since then the market in the area has increased by 2.6%. The postcode has had a total of 6 sales since 1995.
RG7 1LB has seen no sales in the last three years and no sales in the last twelve months.
Sold Jun 2021£530,000 | 4 Bed HouseMereoak Lane2 School Cottage, Mereoak Lane, Reading, RG7 1LB
Sold Nov 2017£498,000 | 4 Bed HouseMereoak Lane2 School Cottage, Mereoak Lane, Reading, RG7 1LB
Sold Oct 2014£405,000 | 4 Bed HouseMereoak Lane2 School Cottage, Mereoak Lane, Reading, RG7 1LB
Sold Mar 2006£303,000 | 4 Bed HouseMereoak Lane2 School Cottage, Mereoak Lane, Reading, RG7 1LB
Sold May 2002£270,000 | 4 Bed HouseMereoak Lane2 School Cottage, Mereoak Lane, Reading, RG7 1LB
Sold Dec 1997£60,000 | 4 Bed HouseMereoak Lane2 School Cottage, Mereoak Lane, Reading, RG7 1LB
Nearby Postcodesto RG7 1LB
RG7 1LB is the 175th largest and the 499th most expensive postcode out of the 1,423 postcodes in the RG7 area.
- 64 mRG7 1LA, Mortimer Road, Grazeley, Reading, RG7RG7 1LA6 Addresses
- 127 mRG7 1JY, Mereoak Lane, Grazeley, Reading, RG7RG7 1JY2 Addresses
- 128 mRG7 1JZ, Mereoak Lane, Grazeley, Reading, RG7RG7 1JZ2 Addresses
- 149 mRG7 1JT, Lambwood Hill, Grazeley, Reading, RG7RG7 1JT9 Addresses
- 150 mRG7 1LD, Church Lane, Grazeley, Reading, RG7RG7 1LD4 Addresses
- 281 mRG7 1JQ, Lambwood Hill, Grazeley, Reading, RG7RG7 1JQ4 Addresses
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Property Typesin RG7 1LB
- 2 period flats built between 1800 and 1911
- period flat (2)
Energy Efficiencyof properties in RG7 1LB
- Energy Performance Certificate (EPC) surveys conducted for 1 property.
- The dominant rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (1)
- No EPC (1)
Top 3 Most Expensive Saleson Mereoak Lane
Schools Nearbyto RG7 1LB
The nearest primary school to RG7 1LB is Grazeley Church of England Primary School which is 59 metres away.
- 59mGrazeley Church of England Primary School
- 1.7kmLambs Lane Primary School
- 2.9kmAlder Grove Church of England Primary School
The nearest secondary school is Oakbank School which is 2.3 kilometres away.
- 2.3kmOakbank School
- 4.0kmHartland High School
- 5.0kmReading Girls' School
More reading links
Public Transport Nearbyto RG7 1LB
The closest station to RG7 1LB is Reading Green Park station which is 3.4 kilometres away.
- 3.4kmReading Green Park
- 3.8kmMortimer
- 6.6kmReading West
- 6.9kmTheale