7, Mill Lane
7, Mill Lane
Description & Estimates
Public records show 7, Mill Lane, Reading to be a period freehold house with 775 ft2 of internal area, sitting on a 321 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
7, Mill Lane, Reading has an estimated sale value of £402,167 and an estimated rental value of £1,594 per month, assuming reasonable condition and based on the information available.
Mill Lane, Padworth, Reading, RG7 lies within the RG7 postal district.
Our Data Sources
7, Mill Lane, Reading has 2 entries in the Land Registry , most recently in November 2024 and a single entry in the EPC database dated September 2024.
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
In very good condition, we estimate 7, Mill Lane, Reading would be worth £422,276, with a potential rental value of £1,674 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £374,015, with a rental value of £1,483 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 7, Mill Lane, Reading has moved down by £8,455 (2.1%) over the last year. During the same period, its estimated monthly rental value has increased by £37 (2.3%). The property's estimated gross yield is currently 4.8%.
Plot Size
7, Mill Lane, Reading occupies a 321 m2 plot as recorded by HM Land Registry.
Of the 13 other houses in this postcode, 11 have recorded plot sizes, and this one ranks as the 11th largest.
Energy Efficiency
7, Mill Lane, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Sep 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
7, Mill Lane, Reading last changed hands on 28th November 2024, selling for £386,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 2.5% since November 2024.
- Sold Nov 2024£386,000
- Sold Jun 2017£268,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 3.6 kilometres of 7, Mill Lane, Reading across the last 2 years.
Most recently, 3 Wharf Cottages, Station Road, Reading, RG7 4JN, a freehold house, sold at £340,000 on the 27th June 2025.
Read more about house prices in RG7.
•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 7, Mill Lane, Reading as the 25th largest and the 24th most expensive of the 36 addresses on Mill Lane, Padworth, Reading, RG7.
Against the RG7 postcode district average, it is £137k less expensive than the typical property.
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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
Aldermaston station is the nearest stop to 7, Mill Lane, Reading at 500 metres away.
- 500mAldermaston
- 3.1kmMidgham
- 5.6kmTheale
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 high risk of flooding.
