12, Blacksmiths Way
12, Blacksmiths Way
Description & Estimates
12, Blacksmiths Way, Reading is recorded publicly as a modern freehold house across 936 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 12, Blacksmiths Way, Reading is £479,098 and its rental estimate is £2,201 per month, given the available information and assuming reasonable condition.
Blacksmiths Way, Arborfield Green, Reading, RG2 falls within the RG2 postal district.
Our Data Sources
12, Blacksmiths Way, Reading has a single entry in the Land Registry from March 2024 and a single entry in the EPC database dated September 2022.
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
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 12, Blacksmiths Way, Reading, we estimate a market value of £503,053 and a rental value of £2,311 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £445,561 and £2,047 per month respectively.
Recent Market Change
Over the last year, 12, Blacksmiths Way, Reading has seen its estimated sale value move down by £12,054 (2.5%) and its estimated rental value increase by £51 per month (2.3%). This results in an estimated gross rental yield of 5.5%.
Energy Efficiency
12, Blacksmiths Way, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Sep 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 12, Blacksmiths Way, Reading completed on 18th March 2024 at £460,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 1.5% over the period since March 2024.
- Sold Mar 2024£460,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 12, Blacksmiths Way, Reading have sold within a radius of 990 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th April 2024, was 4, Blacksmiths Way, Reading, RG2 9QP, a freehold house which sold for £470,000.
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
Of the 16 addresses on Blacksmiths Way, Arborfield Green, Reading, RG2, 12, Blacksmiths Way, Reading comes out as the 12th largest and the 12th most expensive in our analysis of the public data.
It is also £106k more expensive than the average property across the RG2 district.
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Schools Nearby
- 1.3kmThe Coombes Church of England Primary School
- 2.2kmFarley Hill Primary School
- 2.5kmGorse Ride Junior School
- 900mBohunt School Wokingham
- 4.8kmThe Emmbrook School
- 4.8kmThe Holt School
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Public Transport Nearby
From 12, Blacksmiths Way, Reading, the nearest station is Wokingham, 4.5 kilometres away.
- 4.5kmWokingham
- 4.9kmWinnersh
- 5.5kmWinnersh Triangle
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
