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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, 5, Drake Way, Reading is a modern house with 764 ft2 of internal area and sits on a 101 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Drake Way, Reading is £330,318 and the estimated rental value is £1,737 per month.
Drake Way, Reading, RG2 is located within the RG2 postal district.
5, Drake Way, Reading has no recent1 records in the the Land Registry and a single entry in the EPC database dated December 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 5, Drake Way, Reading is in very good condition we estimate a sale value of £346,834 and a rental value of £1,824 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £307,196 and a rental value of £1,615 per month.
Over the last 12 months the sale value of 5 Drake Way Reading has decreased by an estimated £6,834 (2.1%) and its rental value has increased by an estimated £46 per month (2.6%), giving an expected gross yield of 6.3%.
According to data from HM Land Registry, 5, Drake Way, Reading sits on a plot of 101m2.
We have plot size data on 5 out of 5 other houses in the postcode and 5, Drake Way, Reading sits on the 4th largest plot.
5, Drake Way, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Dec 2022.
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, 5, Drake Way, Reading was last sold on 24th October 2006 for £192,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Drake Way, Reading within a radius of 800 metres over the last 2 years.
The most recent example is 7, Lindisfarne Way, Reading, RG2 0GS, a freehold house which sold for £337,500 on the 25th November 2024.
Read more about house prices in RG2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drake Way, Reading, RG2 has a total of 338 addresses. According to our analysis of all the public data, 5, Drake Way, Reading is the 19th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in RG2.
The closest station to 5, Drake Way, Reading is Reading Green Park station which is 1.7 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 5, Drake Way, Reading, 65.8% of property is privately rented and 22.2% 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 5, Drake Way, Reading, 11.3% of residents are recorded as possessing school level qualifications and 63.5% 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 5, Drake Way, Reading, the average age was 34.2 and the most common age was 32.
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 5, Drake Way, Reading, 0.8% 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 5, Drake Way, 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.
