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Company No. 11113204
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VAT No. GB 287 0845 68
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According to the public record, 2, Spring Lane, Reading is a mid-century freehold house with 699 ft2 of internal area and sits on a 291 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Spring Lane, Reading is £401,327 and the estimated rental value is £1,470 per month.
Spring Lane, Mortimer Common, Reading, RG7 is located within the RG7 postal district.
2, Spring Lane, Reading has 31 entries in the Land Registry , most recently in April 2021 and a single entry in the EPC database dated November 2020.
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.
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, Spring Lane, Reading is in very good condition we estimate a sale value of £421,394 and a rental value of £1,543 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £373,234 and a rental value of £1,367 per month.
Over the last 12 months the sale value of 2 Spring Lane Reading has decreased by an estimated £3,542 (0.9%) and its rental value has increased by an estimated £38 per month (2.6%), giving an expected gross yield of 4.4%.
According to data from HM Land Registry, 2, Spring Lane, Reading sits on a plot of 291m2.
We have plot size data on 14 out of 14 other houses in the postcode and 2, Spring Lane, Reading sits on the 13th largest plot.
2, Spring Lane, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Nov 2020.
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, Spring Lane, Reading was last sold on 29th April 2021 for £365,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since April 2021, the market for similar properties has risen 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Spring Lane, Reading within a radius of 1.5 kilometres over the last 2 years.
The most recent example is 6, Spring Lane, Reading, RG7 3RT, a freehold house which sold for £475,000 on the 8th December 2022.
Read more about house prices in RG7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Lane, Mortimer Common, Reading, RG7 has a total of 14 addresses. According to our analysis of all the public data, 2, Spring Lane, Reading is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £140k less expensive than the average property in RG7.
The closest station to 2, Spring Lane, Reading is Mortimer 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.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Spring Lane, Reading, 47.9% of property is privately owned outright and 35.7% is privately owned with a mortgage.
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, Spring Lane, Reading, 21.7% of residents are recorded as possessing school level qualifications and 41.5% 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, Spring Lane, Reading, the average age was 42.7 and the most common age was 47.
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, Spring Lane, 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, Spring Lane, 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.
