Wallace Grove, Three Mile Cross, Reading, RG7

Street Guide For Wallace Grove, Three Mile Cross, Reading, RG7

 

Wallace Grove, Three Mile Cross, Reading, RG7 Map

Estimated Price: £341,509
Average Asking Price: £598,918
Price change in last one year: £23,726
Average Price Paid: £242,343
Average Rent Rates: £5,497

 

Property Prices Breakdown in Wallace Grove, Three Mile Cross, Reading, RG7

Average Price for property in Wallace Grove, Three Mile Cross, Reading, RG7 is around £341,509 which varies based on type of property you are interested in and ranges from £376,529 for detached house to around £350,757 for semi-detached. Similarly terraced house is around £329,747 and a flat is worth £111,743. Values have been changing and have risen £1,520 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,414 in last 6 months, £23,726 in last 1 year, £43,761 in last 2 years, £52,984 in last 3 years, £50,293 in last 4 years and £49,647 in last 5 years.

Currently average asking price of a property in Wallace Grove, Three Mile Cross, Reading, RG7 is around £598,918 based on approximately 3 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £5,497 per month.

Estimated property value in Wallace Grove, Three Mile Cross, Reading, RG7 is £341,509. Average asking price is £598,918 while average price paid is £258,666 which is up by £23,726 and Avg. asking rent £5,497.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 Wallace Grove, Three Mile Cross, Reading, RG7 area. In last 1 year alone average price buyer paid is around £258,666 based on approximately 3 sales in Wallace Grove, Three Mile Cross, Reading, RG7 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £251,750. 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 £242,343 for 16 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £243,382 per sale.

 
 

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 £49,950, £254,310 for a 2 bedroom house, £428,402 for a 3 bedroom house, £649,980 for a 4 bedroom house and £881,812 for a 5 bedroom house. For a flat similarly the prices varies from £152,987 for a single bedroom to £200,508 for a 2 bedroom Flat. Same is the case with 4 bedroom flat £650,000. To sum up the asking prices for properties in Wallace Grove, Three Mile Cross, Reading, RG7 it comes to around average £132,380 for 1 bedroom property, £224,964 for 2 bedroom, £428,402 for 3 bedroom, £649,980 for 4 bedroom and £881,812 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 £849 for 1 bedroom to £979 for 2 bedroom, £1,769 for 3 bedroom and £2,049 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £613. You should be generally be expecting around average £731 rent per month for single bedroom property, £979 for 2 bedroom, £1,769 for 3 bedroom and approximately £2,049 for 4 bedroom property in Wallace Grove, Three Mile Cross, Reading, RG7 area.

Popular Houses in Wallace Grove, Three Mile Cross, Reading, RG7

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.

Areas in and around Wallace Grove, Three Mile Cross, Reading, RG7