5, Mill Lane
5, Mill Lane
Description & Estimates
5, Mill Lane, Reading is recorded publicly as a period freehold house across 1,130 ft2 of internal area, sitting on a 508 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 5, Mill Lane, Reading is £493,879 and its rental estimate is £1,818 per month, given the available information and assuming reasonable condition.
Mill Lane, Padworth, Reading, RG7 falls within the RG7 postal district.
Our Data Sources
5, Mill Lane, Reading has 31 entries in the Land Registry , most recently in August 2023 and a single entry in the EPC database dated May 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
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 5, Mill Lane, Reading, we estimate a market value of £518,573 and a rental value of £1,909 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £459,307 and £1,691 per month respectively.
Recent Market Change
Over the last year, 5, Mill Lane, Reading has seen its estimated sale value decline by £10,384 (2.1%) and its estimated rental value climb by £42 per month (2.3%). This results in an estimated gross rental yield of 4.4%.
Plot Size
HM Land Registry records the plot of land for 5, Mill Lane, Reading as measuring 508 m2.
That makes it the 7th largest plot in the postcode, where 11 of the 13 other houses have recorded plot data.
Energy Efficiency
5, Mill Lane, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 May 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 5, Mill Lane, Reading completed on 3rd August 2023 at £570,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 3.3% over the period since August 2023.
- Sold Aug 2023£570,000
- Sold Aug 2009£337,000
- Sold Jul 1997£108,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Mill Lane, Reading have sold within a radius of 3.6 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th December 2024, was 31, Fallows Road, Reading, RG7 4GU, a freehold house which sold for £410,000.
Read more about house prices in RG7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 36 addresses on Mill Lane, Padworth, Reading, RG7, 5, Mill Lane, Reading comes out as the 19th largest and the 19th most expensive in our analysis of the public data.
It is also £45k less expensive than the average property across the RG7 district.
More reading links
Schools Nearby
- 2.2kmAldermaston C.E. Primary School
- 2.3kmBeenham Primary School
- 2.7kmWoolhampton C.E. Primary School
- 4.4kmThe Willink School
- 5.3kmThe Hurst School
- 5.3kmTheale Green School
More reading links
Public Transport Nearby
From 5, Mill Lane, Reading, the nearest station is Aldermaston, 500 metres away.
- 500mAldermaston
- 3.1kmMidgham
- 5.6kmTheale
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated high, based on Environment Agency data.
