16, Blacksmiths Way
16, Blacksmiths Way
Description & Estimates
Public records show 16, Blacksmiths Way, Reading to be a modern freehold house with 1,044 ft2 of internal area, sitting on a 253 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
16, Blacksmiths Way, Reading has an estimated sale value of £514,294 and an estimated rental value of £2,306 per month, assuming reasonable condition and based on the information available.
Blacksmiths Way, Arborfield Green, Reading, RG2 lies within the RG2 postal district.
Our Data Sources
16, Blacksmiths Way, Reading has a single entry in the Land Registry from October 2022 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
In very good condition, we estimate 16, Blacksmiths Way, Reading would be worth £540,009, with a potential rental value of £2,421 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £478,294, with a rental value of £2,144 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 16, Blacksmiths Way, Reading has decreased by £12,940 (2.5%) over the last year. During the same period, its estimated monthly rental value has grown by £53 (2.3%). The property's estimated gross yield is currently 5.4%.
Plot Size
16, Blacksmiths Way, Reading occupies a 253 m2 plot as recorded by HM Land Registry.
Of the 16 other houses in this postcode, 6 have recorded plot sizes, and this one ranks as the 4th largest.
Energy Efficiency
16, 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
16, Blacksmiths Way, Reading last changed hands on 10th October 2022, selling for £535,000. 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 2.8% since October 2022.
- Sold Oct 2022£535,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.0 kilometres of 16, Blacksmiths Way, Reading across the last 2 years.
Most recently, 9, Saddle Place, Reading, RG2 9LJ, a freehold house, sold at £527,000 on the 28th October 2022.
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 16, Blacksmiths Way, Reading as the 8th largest and the 8th most expensive of the 16 addresses on Blacksmiths Way, Arborfield Green, Reading, RG2.
Against the RG2 postcode district average, it is £141k more expensive than the typical property.
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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
Wokingham station is the nearest stop to 16, Blacksmiths Way, Reading at 4.5 kilometres away.
- 4.5kmWokingham
- 4.9kmWinnersh
- 5.5kmWinnersh Triangle
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
