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Company No. 11113204
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According to the public record, 2, Formby Close, Reading is a mid-century freehold house with 1,442 ft2 of internal area and sits on a 397 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Formby Close, Reading is £666,801 and the estimated rental value is £2,147 per month.
Formby Close, Earley, Reading, RG6 is located within the RG6 postal district.
2, Formby Close, Reading has a single entry in the Land Registry from May 2014 and a single entry in the EPC database dated December 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Formby Close, Reading is in very good condition we estimate a sale value of £700,141 and a rental value of £2,254 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £620,125 and a rental value of £1,997 per month.
Over the last 12 months the sale value of 2 Formby Close Reading has decreased by an estimated £19,140 (2.9%) and its rental value has increased by an estimated £42 per month (2.0%), giving an expected gross yield of 3.9%.
According to data from HM Land Registry, 2, Formby Close, Reading sits on a plot of 397m2.
We have plot size data on 8 out of 8 other houses in the postcode and 2, Formby Close, Reading sits on the 4th largest plot.
2, Formby Close, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Dec 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Formby Close, Reading was last sold on 20th May 2014 for £406,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2014, the market for similar properties has risen 45.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Formby Close, Reading within a radius of 730 metres over the last 2 years.
The most recent example is 14, Melling Close, Reading, RG6 7XN, a freehold house which sold for £660,000 on the 19th December 2024.
Read more about house prices in RG6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Formby Close, Earley, Reading, RG6 has a total of 8 addresses. According to our analysis of all the public data, 2, Formby Close, Reading is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £192k more expensive than the average property in RG6.
The closest station to 2, Formby Close, Reading is Winnersh Triangle station which is 800 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Formby Close, Reading, 44.2% of property is privately owned with a mortgage and 42.0% is privately owned outright.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Formby Close, Reading, 22.5% of residents are recorded as possessing school level qualifications and 41.7% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Formby Close, Reading, the average age was 38.8 and the most common age was 17.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Formby Close, Reading, 0.6% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Formby Close, Reading, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.
