RG7 1PA is a residential postcode situated on Chapel Lane, Spencers Wood, Reading, RG7 with 7 addresses.
It ranks as the 723rd largest and 143rd most expensive of the 1,423 postcodes in the RG7 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 7 properties: 7 flats.
RG7 1PA is a residential postcode situated on Chapel Lane, Spencers Wood, Reading, RG7 with 7 addresses.
It ranks as the 723rd largest and 143rd most expensive of the 1,423 postcodes in the RG7 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 7 properties: 7 flats.
Sale prices range from £250,078 for 2 bedroom leasehold flats (645 ft2) to £359,862 for 3 bedroom leasehold flats (1,231 ft2) .
Monthly rental prices range from £1,032 pcm for 2 bed flats to £1,340 pcm for 3 bed flats.
The gross rental yield is between 4.3% and 5.0%.
The average value per square foot is £332.
The last sale in RG7 1PA sold for £282,500 on 1st June 2023. Since then prices are down an average of 3.1%.
The current average value in the postcode is £305,591.
The RG7 1PA Sales Market has decreased by 3.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.5% | £305,591 |
| April 2025 | -1.5% | £313,322 |
| April 2024 | 0.6% | £318,178 |
| April 2023 | 0.1% | £316,288 |
| April 2022 | 3% | £316,069 |
| April 2021 | 0.7% | £306,740 |
| April 2020 | -1.2% | £304,629 |
| April 2019 | -1.6% | £308,479 |
| April 2018 | -2.1% | £313,479 |
| April 2017 | 0.7% | £320,089 |
| April 2016 | 15% | £317,919 |
| April 2015 | 11.2% | £276,395 |
| April 2014 | 10% | £248,512 |
| April 2013 | 3.2% | £225,919 |
| April 2012 | 1.2% | £218,927 |
| April 2011 | -1.2% | £216,261 |
| April 2010 | 3.6% | £218,908 |
| April 2009 | -12.9% | £211,206 |
| April 2008 | 0.9% | £242,503 |
| April 2007 | 0% | £240,228 |
The current average rental value in the postcode is £1,152.
The RG7 1PA Rental Market has increased by 23.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.8% | £1,152pcm |
| April 2025 | 1.3% | £1,131pcm |
| April 2024 | 8.4% | £1,117pcm |
| April 2023 | 8.2% | £1,030pcm |
| April 2022 | 4.5% | £952pcm |
| April 2021 | 1.4% | £911pcm |
| April 2020 | -0.5% | £898pcm |
| April 2019 | 0.7% | £903pcm |
| April 2018 | -2.3% | £897pcm |
| April 2017 | -1.7% | £918pcm |
| April 2016 | 4.3% | £934pcm |
| April 2015 | 5.3% | £896pcm |
| April 2014 | 3.5% | £851pcm |
| April 2013 | 3.5% | £822pcm |
| April 2012 | 4% | £794pcm |
| April 2011 | 2.9% | £764pcm |
| April 2010 | -1.5% | £742pcm |
| April 2009 | -8.7% | £754pcm |
| April 2008 | 4.7% | £826pcm |
| April 2007 | 0% | £788pcm |
The last sale was on 1st June 2023 for £282,500 and since then the market in the area has decreased by 3.1%. The postcode has had a total of 20 sales since 1995.
RG7 1PA has seen 1 sale in the last three years and no sales in the last twelve months.
RG7 1PA is the 723rd largest and the 143rd most expensive postcode out of the 1,423 postcodes in the RG7 area.
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The closest station to RG7 1PA is Reading Green Park station which is 4.1 kilometres away.
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