40, Wallace Close
40, Wallace Close
Description & Estimates
Public records show 40, Wallace Close, Reading to be a mid-century leasehold apartment with 710 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
40, Wallace Close, Reading has an estimated sale value of £257,109 and an estimated rental value of £1,156 per month, assuming reasonable condition and based on the information available.
The apartment sits within 40, Wallace Close, Woodley, Reading, RG5.
Wallace Close, Woodley, Reading, RG5 lies within the RG5 postal district.
Our Data Sources
40, Wallace Close, Reading has 51 entries in the Land Registry , most recently in January 2017 and a single entry in the EPC database dated September 2025.
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.
Price Range & Condition
In very good condition, we estimate 40, Wallace Close, Reading would be worth £269,965, with a potential rental value of £1,214 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £239,111, with a rental value of £1,075 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 40, Wallace Close, Reading has dropped by £5,661 (2.2%) over the last year. During the same period, its estimated monthly rental value has risen by £10 (0.9%). The property's estimated gross yield is currently 5.4%.
Energy Efficiency
40, Wallace Close, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Sep 2025.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
40, Wallace Close, Reading last changed hands on 13th January 2017, selling for £244,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 5 times since 1995.
The market for similar properties has dropped by 13.3% since January 2017.
- Sold Jan 2017£244,000
- Sold Nov 2015£235,000
- Sold Oct 2010£169,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 560 metres of 40, Wallace Close, Reading across the last 2 years.
Most recently, 14, Rickman Close, Reading, RG5 3LL, a leasehold flat, sold at £297,000 on the 17th October 2025.
Read more about house prices in RG5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 40, Wallace Close, Reading as the 26th largest and the 29th most expensive of the 66 addresses on Wallace Close, Woodley, Reading, RG5.
Against the RG5 postcode district average, it is £198k less expensive than the typical property.
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Schools Nearby
- 300mSouth Lake Primary School
- 900mHighwood Primary School
- 1.0kmBeechwood Primary School
- 1.2kmThe Bulmershe School
- 1.2kmMaiden Erlegh School
- 2.1kmUTC Reading
More reading links
Public Transport Nearby
Earley station is the nearest stop to 40, Wallace Close, Reading at 600 metres away.
- 600mEarley
- 1.6kmWinnersh Triangle
- 2.8kmWinnersh
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
