11, Lance Way
11, Lance Way
Description & Estimates
Public records show 11, Lance Way, Reading to be a modern freehold house with 1,184 ft2 of internal area, sitting on a 254 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
11, Lance Way, Reading has an estimated sale value of £551,080 and an estimated rental value of £2,414 per month, assuming reasonable condition and based on the information available.
Lance Way, Arborfield Green, Reading, RG2 lies within the RG2 postal district.
Our Data Sources
11, Lance Way, Reading has a single entry in the Land Registry from October 2020 and a single entry in the EPC database dated August 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 11, Lance Way, Reading would be worth £578,634, with a potential rental value of £2,535 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £512,504, with a rental value of £2,245 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 11, Lance Way, Reading has fallen by £14,790 (2.7%) over the last year. During the same period, its estimated monthly rental value has moved up by £56 (2.3%). The property's estimated gross yield is currently 5.3%.
Plot Size
11, Lance Way, Reading occupies a 254 m2 plot as recorded by HM Land Registry.
Of the 22 other houses in this postcode, 20 have recorded plot sizes, and this one ranks as the 8th largest.
Energy Efficiency
11, Lance Way, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Aug 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler.
Sold Prices
11, Lance Way, Reading last changed hands on 20th October 2020, selling for £500,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 3.9% since October 2020.
- Sold Oct 2020£500,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 690 metres of 11, Lance Way, Reading across the last 2 years.
Most recently, 23, Lance Way, Reading, RG2 9YY, a freehold house, sold at £475,000 on the 13th November 2020.
Read more about house prices in RG2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 11, Lance Way, Reading as the 16th largest and the 14th most expensive of the 29 addresses on Lance Way, Arborfield Green, Reading, RG2.
Against the RG2 postcode district average, it is £178k more expensive than the typical property.
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Schools Nearby
- 1.7kmFarley Hill Primary School
- 1.7kmThe Coombes Church of England Primary School
- 2.5kmGorse Ride Junior School
- 400mBohunt School Wokingham
- 5.2kmOakbank School
- 5.4kmThe Holt School
More reading links
Public Transport Nearby
Wokingham station is the nearest stop to 11, Lance Way, Reading at 5.0 kilometres away.
- 5.0kmWokingham
- 5.5kmWinnersh
- 5.7kmCrowthorne
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
