Reading

Area Guide For Reading

A large town in Berkshire County, Reading is one of the major economic cities in the UK and was recently named the country’s most successful economic city in the Good Growth for Cities Index 2014. While business is clearly what the city excels at, it is also known for its amazing shopping destinations and some of the best restaurants and diners in the country. There is a lot of diversity in the city as well, as it is ideal for people who want an active, intriguing experience, exploring the Victorian history here. Even if you are one for more modest outings, you can check out the Forbury Gardens, the Riverside Museum or chill out on a barge.

 
 

Reading Map

Estimated Price: £371,203
Average Asking Price: £589,109
Price change in last one year: £28,426
Average Price Paid: £287,582
Average Rent Rates: £2,619

 
 

Property Prices Breakdown in Reading

Average Price for property in Reading is around £371,203 which varies based on type of property you are interested in and ranges from £592,077 for detached house to around £341,151 for semi-detached. Similarly terraced house is around £265,889 and a flat is worth £221,817. Values have been changing and have risen £1,525 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,973 in last 6 months, £28,426 in last 1 year, £52,221 in last 2 years, £60,498 in last 3 years, £56,092 in last 4 years and £59,249 in last 5 years.

Currently average asking price of a property in Reading is around £589,109 based on approximately 4,645 properties for sale. Same is the case with rental options based on 1,308 properties up for rent, average asking rent is around £2,619 per month.

Estimated property value in Reading is £371,203. Average asking price is £589,109 while average price paid is £312,026 which is up by £28,426 and Avg. asking rent £2,619.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Reading area. In last 1 year alone average price buyer paid is around £312,026 based on approximately 4,645 sales in Reading area alone. If you compare it to last 3 years sales of 14,081 properties where buyers paid around £293,366. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £287,582 for 22,381 and average amount paid for purchase of approx. 30,157 properties sold in last 7 years comes to about £280,895 per sale.

 
 

Properties For Sale in Reading

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £161,120, £277,818 for a 2 bedroom house, £379,504 for a 3 bedroom house, £637,746 for a 4 bedroom house and £1,104,233 for a 5 bedroom house. For a flat similarly the prices varies from £143,988 for a single bedroom to £229,411 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £396,242 and £788,317 for a 4 bedroom flat. To sum up the asking prices for properties in Reading it comes to around average £146,752 for 1 bedroom property, £249,850 for 2 bedroom, £379,971 for 3 bedroom, £639,652 for 4 bedroom and £1,104,233 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £561 for 1 bedroom to £1,180 for 2 bedrooms, £1,193 for 3 bedrooms, £1,222 for 4 bedrooms and £1,346 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £881. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,129, £1,757 for 3 bedroom, £1,330 for 4 bedroom and around £351 for 5 bedroom flat. You should be generally be expecting around average £694 rent per month for single bedroom property, £1,143 for 2 bedroom, £1,280 for 3 bedroom, £1,225 for 4 bedroom and approximately £1,337 for a 5 bedroom property in Reading area.

Popular Houses in Reading

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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