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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
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25, Lance Way, Reading is recorded publicly as a modern freehold house across 1,184 ft2 of internal area, sitting on a 224 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 25, Lance Way, Reading is £551,080 and its rental estimate is £2,414 per month, given the available information and assuming reasonable condition.
Lance Way, Arborfield Green, Reading, RG2 falls within the RG2 postal district.
25, Lance Way, Reading has a single entry in the Land Registry from June 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.
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 25, Lance Way, Reading, we estimate a market value of £578,634 and a rental value of £2,535 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £512,504 and £2,245 per month respectively.
Over the last year, 25, Lance Way, Reading has seen its estimated sale value drop by £14,790 (2.7%) and its estimated rental value rise by £56 per month (2.3%). This results in an estimated gross rental yield of 5.3%.
HM Land Registry records the plot of land for 25, Lance Way, Reading as measuring 224 m2.
That makes it the 15th largest plot in the postcode, where 20 of the 22 other houses have recorded plot data.
25, Lance Way, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Nov 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler.
The most recent sale of 25, Lance Way, Reading completed on 29th June 2021 at £510,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 8.5% over the period since June 2021.
Over the past 2 years 3 properties similar to 25, Lance Way, Reading have sold within a radius of 700 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th September 2023, was 2, Lance Way, Reading, RG2 9YY, a freehold house which sold for £545,000.
Read more about house prices in RG2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 29 addresses on Lance Way, Arborfield Green, Reading, RG2, 25, Lance Way, Reading comes out as the 11th largest and the 9th most expensive in our analysis of the public data.
It is also £178k more expensive than the average property across the RG2 district.
From 25, Lance Way, Reading, the nearest station is Wokingham, 5.0 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 25, Lance Way, Reading, % of property is and % is .
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 25, Lance Way, Reading, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 25, Lance Way, 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 25, Lance Way, Reading, there are an average of 0.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
