163, Park Lane
163, Park Lane
Description & Estimates
The public record lists 163, Park Lane, Reading as a freehold house sitting on a 431 m2 plot.
Comparison with its neighbours suggests an early-century house with 758 ft2 of internal area and a garden.
In this area, houses of this size normally have 3 bedrooms.
163, Park Lane, Reading has an estimated sale value of £362,754 and an estimated rental value of £1,779 per month, assuming reasonable condition and based on the information available.
Park Lane, Tilehurst, Reading, RG31 lies within the RG31 postal district.
Our Data Sources
163, Park Lane, Reading has a single entry in the Land Registry from March 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 163, Park Lane, Reading would be worth £380,892, with a potential rental value of £1,868 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £337,361, with a rental value of £1,654 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 163, Park Lane, Reading has moved down by £7,820 (2.2%) over the last year. During the same period, its estimated monthly rental value has increased by £38 (2.1%). The property's estimated gross yield is currently 5.9%.
Plot Size
163, Park Lane, Reading occupies a 431 m2 plot as recorded by HM Land Registry.
Of the 50 other houses in this postcode, 48 have recorded plot sizes, and this one ranks as the 14th largest.
Sold Prices
163, Park Lane, Reading last changed hands on 28th March 2008, selling for £196,000. 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 risen by 60.6% since March 2008.
- Sold Mar 2008£196,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 630 metres of 163, Park Lane, Reading across the last 2 years.
Most recently, 6, Glenwood Drive, Reading, RG31 4HE, a freehold house, sold at £375,000 on the 26th April 2024.
Read more about house prices in RG31.
•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 163, Park Lane, Reading as the 93rd largest and the 79th most expensive of the 139 addresses on Park Lane, Tilehurst, Reading, RG31.
Against the RG31 postcode district average, it is £67k less expensive than the typical property.
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Schools Nearby
- 300mSt Paul's Catholic Primary School
- 600mPark Lane Primary School
- 600mSpringfield Primary School
- 900mLittle Heath School
- 2.0kmKing's Academy Prospect
- 2.3kmDenefield School
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Public Transport Nearby
Tilehurst station is the nearest stop to 163, Park Lane, Reading at 2.4 kilometres away.
- 2.4kmTilehurst
- 2.9kmTheale
- 3.9kmReading West
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
