48C, Long Lane
48C, Long Lane
Description & Estimates
48C, Long Lane, Reading is recorded publicly as a modern freehold house across 2,960 ft2 of internal area, sitting on a 1,242 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 48C, Long Lane, Reading is £1,020,309 and its rental estimate is £3,726 per month, given the available information and assuming reasonable condition.
Long Lane, Tilehurst, Reading, RG31 falls within the RG31 postal district.
Our Data Sources
48C, Long Lane, Reading has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated May 2021.
We combine this information with that 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.
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 48C, Long Lane, Reading, we estimate a market value of £1,071,325 and a rental value of £3,913 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £948,887 and £3,465 per month respectively.
Recent Market Change
Over the last year, 48C, Long Lane, Reading has seen its estimated sale value move down by £30,454 (3.0%) and its estimated rental value increase by £47 per month (1.3%). This results in an estimated gross rental yield of 4.4%.
Plot Size
HM Land Registry records the plot of land for 48C, Long Lane, Reading as measuring 1,242 m2.
That makes it the 2nd largest plot in the postcode, where 13 of the 14 other houses have recorded plot data.
Energy Efficiency
48C, Long Lane, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 May 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
The most recent sale of 48C, Long Lane, Reading completed on 4th June 2021 at £950,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 3.0% over the period since June 2021.
- Sold Jun 2021£950,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 48C, Long Lane, Reading have sold within a radius of 840 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd May 2024, was Lower House, Beech Road, Reading, RG8 8DS, a freehold house which sold for £1,200,000.
Read more about house prices in RG31.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 124 addresses on Long Lane, Tilehurst, Reading, RG31, 48C, Long Lane, Reading comes out as the 13th largest and the 9th most expensive in our analysis of the public data.
It is also £590k more expensive than the average property across the RG31 district.
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Schools Nearby
- 200mLong Lane Primary School
- 600mDownsway Primary School
- 700mPurley CofE Primary School
- 600mDenefield School
- 2.4kmLittle Heath School
- 4.0kmKing's Academy Prospect
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Public Transport Nearby
From 48C, Long Lane, Reading, the nearest station is Tilehurst, 1.8 kilometres away.
- 1.8kmTilehurst
- 2.7kmPangbourne
- 5.0kmTheale
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
