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Company No. 11113204
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The public record describes 7, Park Lane, Reading as a period house with 1,302 ft2 of internal area, sitting on a 544 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
7, Park Lane, Reading has an estimated sale value of £469,393 and an estimated rental value of £2,119 per month, assuming reasonable condition and based on the information available.
Park Lane, Tilehurst, Reading, RG31 lies within the RG31 postal district.
7, Park Lane, Reading has no recent1 records in the the Land Registry and a single entry in the EPC database dated September 2024.
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.
In very good condition, we estimate 7, Park Lane, Reading would be worth £492,863, with a potential rental value of £2,225 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £436,536, with a rental value of £1,970 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 7, Park Lane, Reading has fallen by £10,909 (2.3%) over the last year. During the same period, its estimated monthly rental value has moved up by £41 (1.9%). The property's estimated gross yield is currently 5.4%.
7, Park Lane, Reading occupies a 544 m2 plot as recorded by HM Land Registry.
Of the 8 other houses in this postcode, 7 have recorded plot sizes, and this one ranks as the 2nd largest.
7, Park Lane, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Sep 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
7, Park Lane, Reading last changed hands on 21st February 2000, selling for £150,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 530 metres of 7, Park Lane, Reading across the last 2 years.
Most recently, 9, Beechwood Avenue, Reading, RG31 5BJ, a freehold house, sold at £551,000 on the 29th November 2024.
Read more about house prices in RG31.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 7, Park Lane, Reading as the 26th largest and the 30th most expensive of the 139 addresses on Park Lane, Tilehurst, Reading, RG31.
Against the RG31 postcode district average, it is £39k more expensive than the typical property.
Tilehurst station is the nearest stop to 7, Park Lane, Reading at 2.0 kilometres away.
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Park Lane, Reading, 51.6% of property is privately owned with a mortgage and 43.7% is privately owned outright.
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 7, Park Lane, Reading, 19.9% of residents are recorded as possessing school level qualifications and 40.6% 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 7, Park Lane, Reading, the average age was 39.2 and the most common age was 12.
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 7, Park Lane, Reading, 0.9% 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 7, Park Lane, Reading, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.
