1 The Orchids, Reading
1 The Orchids, Reading
Description & Estimates
1 The Orchids, Reading is recorded publicly as a modern freehold house across 1,442 ft2 of internal area, sitting on a 254 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1 The Orchids, Reading is £557,873 and its rental estimate is £2,221 per month, given the available information and assuming reasonable condition.
Reading Road, Lower Basildon, Reading, RG8 falls within the RG8 postal district.
Our Data Sources
1 The Orchids, Reading has 2 entries in the Land Registry , most recently in August 2022 and a single entry in the EPC database dated May 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1 The Orchids, Reading, we estimate a market value of £585,766 and a rental value of £2,332 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £518,822 and £2,065 per month respectively.
Recent Market Change
Over the last year, 1 The Orchids, Reading has seen its estimated sale value decline by £10,478 (1.9%) and its estimated rental value climb by £47 per month (2.1%). This results in an estimated gross rental yield of 4.8%.
Plot Size
HM Land Registry records the plot of land for 1 The Orchids, Reading as measuring 254 m2.
That makes it the 9th largest plot in the postcode, where all 10 other houses have recorded plot data.
Energy Efficiency
1 The Orchids, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 May 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
The most recent sale of 1 The Orchids, Reading completed on 4th August 2022 at £550,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 5.3% over the period since August 2022.
- Sold Aug 2022£550,000
- Sold Sep 2015£466,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1 The Orchids, Reading have sold within a radius of 2.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 26th March 2021, was 5, Stonehouse, Reading, RG8 9NQ, a freehold house which sold for £500,000.
Read more about house prices in RG8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 42 addresses on Reading Road, Lower Basildon, Reading, RG8, 1 The Orchids, Reading comes out as the 23rd largest and the 25th most expensive in our analysis of the public data.
It is also £169k less expensive than the average property across the RG8 district.
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Schools Nearby
- 2.6kmBasildon C.E. Primary School
- 2.7kmGoring Church of England Aided Primary School
- 2.9kmStreatley C.E. Voluntary Controlled School
- 4.9kmLangtree School
- 5.9kmDenefield School
- 7.0kmLittle Heath School
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Public Transport Nearby
From 1 The Orchids, Reading, the nearest station is Goring & Streatley, 2.1 kilometres away.
- 2.1kmGoring & Streatley
- 3.0kmPangbourne
- 7.4kmTilehurst
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
