2, Formosa Place
2, Formosa Place
Description & Estimates
2, Formosa Place, Reading is recorded publicly as a modern freehold house across 1,689 ft2 of internal area, sitting on a 339 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 2, Formosa Place, Reading is £726,032 and its rental estimate is £2,270 per month, given the available information and assuming reasonable condition.
Formosa Place, Pangbourne, Reading, RG8 falls within the RG8 postal district.
Our Data Sources
2, Formosa Place, Reading has 2 entries in the Land Registry , most recently in September 2022 and a single entry in the EPC database dated October 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 2, Formosa Place, Reading, we estimate a market value of £762,334 and a rental value of £2,383 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £675,210 and £2,111 per month respectively.
Recent Market Change
Over the last year, 2, Formosa Place, Reading has seen its estimated sale value fall by £13,636 (1.9%) and its estimated rental value move up by £48 per month (2.1%). This results in an estimated gross rental yield of 3.8%.
Plot Size
HM Land Registry records the plot of land for 2, Formosa Place, Reading as measuring 339 m2.
That makes it the 3rd largest plot in the postcode, where all 5 other houses have recorded plot data.
Energy Efficiency
2, Formosa Place, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Oct 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2, Formosa Place, Reading completed on 1st September 2022 at £725,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 14.3% over the period since September 2022.
- Sold Sep 2022£725,000
- Sold Feb 2011£580,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Formosa Place, Reading have sold within a radius of 2.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th September 2025, was 4, Formosa Place, Reading, RG8 7FY, a freehold house which sold for £745,000.
Read more about house prices in RG8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 5 addresses on Formosa Place, Pangbourne, Reading, RG8, 2, Formosa Place, Reading comes out as the 5th largest and the 5th most expensive in our analysis of the public data.
It is also £687 less expensive than the average property across the RG8 district.
More reading links
Schools Nearby
- 900mPangbourne Primary School
- 1.3kmWhitchurch Primary School
- 2.7kmLong Lane Primary School
- 2.7kmDenefield School
- 3.8kmLittle Heath School
- 5.1kmTheale Green School
More reading links
Public Transport Nearby
From 2, Formosa Place, Reading, the nearest station is Pangbourne, 400 metres away.
- 400mPangbourne
- 4.4kmTilehurst
- 5.3kmGoring & Streatley
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
