Spring House, Reading
Spring House, Reading
Description & Estimates
Spring House, Reading is recorded publicly as a modern freehold house across 1,948 ft2 of internal area, sitting on a 843 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of Spring House, Reading is £988,132 and its rental estimate is £2,147 per month, given the available information and assuming reasonable condition.
Gardeners Lane, Upper Basildon, Reading, RG8 falls within the RG8 postal district.
Our Data Sources
Spring House, Reading has 31 entries in the Land Registry , most recently in February 2016 and a single entry in the EPC database dated October 2015.
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 Spring House, Reading, we estimate a market value of £1,037,539 and a rental value of £2,255 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £918,963 and £1,997 per month respectively.
Recent Market Change
Over the last year, Spring House, Reading has seen its estimated sale value decline by £18,559 (1.9%) and its estimated rental value climb by £46 per month (2.1%). This results in an estimated gross rental yield of 2.6%.
Plot Size
HM Land Registry records the plot of land for Spring House, Reading as measuring 843 m2.
That makes it the 8th largest plot in the postcode, where 10 of the 11 other houses have recorded plot data.
Energy Efficiency
Spring House, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Oct 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of Spring House, Reading completed on 5th February 2016 at £858,000 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 18.2% over the period since February 2016.
- Sold Feb 2016£858,000
- Sold Apr 2003£475,000
- Sold Oct 2000£410,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Spring House, Reading have sold within a radius of 3.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th June 2021, was Timberley, Pangbourne Road, Reading, RG8 8LN, a freehold house which sold for £421,000.
Read more about house prices in RG8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 15 addresses on Gardeners Lane, Upper Basildon, Reading, RG8, Spring House, Reading comes out as the 8th largest and the 6th most expensive in our analysis of the public data.
It is also £261k more expensive than the average property across the RG8 district.
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Schools Nearby
- 900mBasildon C.E. Primary School
- 4.2kmPangbourne Primary School
- 4.3kmWhitchurch Primary School
- 5.7kmDenefield School
- 5.9kmTheale Green School
- 6.1kmLittle Heath School
More reading links
Public Transport Nearby
From Spring House, Reading, the nearest station is Pangbourne, 3.4 kilometres away.
- 3.4kmPangbourne
- 4.8kmGoring & Streatley
- 6.6kmTheale
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 very low, based on Environment Agency data.
