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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 2, Morpeth Close, Reading is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 880 ft2 of internal area and sits on a 165 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Morpeth Close, Reading is £394,486 and the estimated rental value is £1,755 per month.
Morpeth Close, Reading, RG2 is located within the RG2 postal district.
2, Morpeth Close, Reading has a single entry in the Land Registry from January 2011 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 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, Morpeth Close, Reading is in very good condition we estimate a sale value of £414,210 and a rental value of £1,842 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £366,872 and a rental value of £1,632 per month.
Over the last 12 months the sale value of 2 Morpeth Close Reading has decreased by an estimated £8,161 (2.1%) and its rental value has increased by an estimated £46 per month (2.6%), giving an expected gross yield of 5.3%.
According to data from HM Land Registry, 2, Morpeth Close, Reading sits on a plot of 165m2.
We have plot size data on 18 out of 22 other houses in the postcode and 2, Morpeth Close, Reading sits on the 11th largest plot.
According to HM Land Registry, 2, Morpeth Close, Reading was last sold on 14th January 2011 for £179,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since January 2011, the market for similar properties has risen 93.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Morpeth Close, Reading within a radius of 500 metres over the last 2 years.
The most recent example is 38, Morpeth Close, Reading, RG2 7UH, a freehold house which sold for £345,000 on the 30th September 2022.
Read more about house prices in RG2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morpeth Close, Reading, RG2 has a total of 26 addresses. According to our analysis of all the public data, 2, Morpeth Close, Reading is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £19k more expensive than the average property in RG2.
The closest station to 2, Morpeth Close, Reading is Reading station which is 2.3 kilometres 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Morpeth Close, Reading, 36.4% of property is socially rented and 21.2% 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, Morpeth Close, Reading, 21.1% of residents are recorded as possessing school level qualifications and 19.4% 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, Morpeth Close, Reading, the average age was 32.4 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, Morpeth Close, Reading, 0.0% 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, Morpeth Close, Reading, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.
