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House Prices in RG1 House Prices in RG1 (Reading)

The average house price in RG1 (Reading) is £386,907 using HM Land Registry data.

The average property price increased by £46,296 (8.84%) over the last 5 years and increased by £9,276 (1.51%) over the last 12 months.

Over the last year, there were 436 residential property sales – a decrease of 114 transactions (-26.15%) relative to the previous year. The majority of house sales (124) were in the £246,000 - £312,000 range. Then came properties in the £312,000 - £378,000 range, where 90 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,776 (-2%).

In Oct 24, there were 127 new estate agency instructions, 80 agreed home sales and 88 property price reductions.

Nearby Postcodes: GU10, GU15, GU17, GU19, GU34, GU46, GU47, GU51, OX11, OX12, RG10, RG12, RG14, RG17, RG18, RG19, RG2, RG20, RG21, RG22, RG23, RG24, RG25, RG26, RG27, RG28, RG29, RG30, RG31, RG4, RG40, RG41, RG42, RG45, RG5, RG6, RG7, RG8, RG9, SL4, SL5, SL6, SN6, SN8, SO21, SO24, SP11

5-Year Average Property Prices in RG1 (Reading)

8.84%

Property prices in Reading increased by 8.84% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in RG1 (Reading) Over the Last Year

1.51%

Property prices in Reading increased by 1.51% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for RG1 (Reading) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in RG1 (Reading)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in RG1 (Reading)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in RG1 (Reading)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the RG1 (Reading) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RG1 postcode area since 1995.

Recent Sales in RG1 (Reading)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Compass House, South Street, Reading, RG1 4GQ£190,000£180,000-£10,00009 Jan 202416 Aug 2024220 Days
26 William Street, Reading, RG1 7DE£400,000£387,500-£12,50013 Mar 202409 Aug 2024149 Days
Flat 18, Ashdown House, Rembrandt Way, Reading, RG1 6QW£210,000£209,000-£1,00002 Oct 202306 Aug 2024309 Days
31 Swallows Croft, Reading, RG1 6EH£200,000£195,000-£5,00006 Feb 202431 Jul 2024176 Days
11 Newport Road, Reading, RG1 8EA£350,000£350,000£0012 Apr 202426 Jul 2024105 Days
36 Swansea Road, Reading, RG1 8HA£350,000£335,000-£15,00021 Feb 202425 Jul 2024155 Days
59b, Cholmeley Road, Reading, RG1 3NB£435,000£430,000-£5,00031 Jan 202423 Jul 2024174 Days
70 Addington Road, Reading, RG1 5PX£475,000£450,000-£25,00009 Nov 202319 Jul 2024253 Days
9 Sun Street, Reading, RG1 3JX£315,000£308,000-£7,00007 May 202419 Jul 202473 Days
8 Denbeigh Place, Reading, RG1 8QE£475,000£470,000-£5,00009 Jul 202417 Jul 20248 Days
20 Carsdale Close, Reading, RG1 6DL£450,000£441,000-£9,00004 Apr 202415 Jul 2024102 Days
60 Watlington Street, Reading, RG1 4RT£650,000£643,000-£7,00012 Mar 202411 Jul 2024121 Days
51 Bulmershe Road, Reading, RG1 5RH£550,000£517,500-£32,50030 Jan 202403 Jul 2024155 Days
9 Amity Street, Reading, RG1 3LP£300,000£296,000-£4,00002 Apr 202428 Jun 202487 Days
92 Bulmershe Road, Reading, RG1 5RL£735,000£710,000-£25,00006 Apr 202425 Jun 202480 Days
Flat D, Hamilton Court, Hamilton Road, Reading, RG1 5RR£210,000£208,000-£2,00003 Feb 202425 Jun 2024143 Days
5 Goldsmid Road, Reading, RG1 7YB£425,000£410,000-£15,00031 Oct 202321 Jun 2024234 Days
22 Selborne Court, Reading, RG1 3BW£260,000£260,000£0024 Jan 202421 Jun 2024149 Days
22 Norton Road, Reading, RG1 3QJ£290,000£290,000£0014 Nov 202317 Jun 2024216 Days
2 James Street, Reading, RG1 7NR£290,000£280,000-£10,00005 Apr 202410 Jun 202466 Days

Most Expensive Streets in RG1 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG1 6HYBerkeley AvenueReading£720,8333
RG1 5PPAlexandra RoadReading£706,6663
RG1 5PEAlexandra RoadReading£695,1254
RG1 5JBMarlborough AvenueReading£671,6663
RG1 5PSAlexandra RoadReading£644,6254
RG1 5JDNew RoadReading£632,0003
RG1 3GRFilbert StreetReading£608,3577
RG1 5HLThe MountReading£595,4005
RG1 5JHAvebury SquareReading£576,5004
RG1 5RAHamilton RoadReading£567,2504

Least Expensive Streets in RG1 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG1 6FJColey AvenueReading£85,5624
RG1 6QHTalbot CourtReading£97,2717
RG1 7RATilehurst RoadReading£99,7147
RG1 7LZAlleyne CloseReading£123,4005
RG1 6HDCranford MewsReading£124,7503
RG1 5DRAlpha House Flats, Kendrick RoadReading£131,2374
RG1 4FFEast StreetReading£147,6663
RG1 7SXCastle HillReading£150,7624
RG1 7XZAlexander Court, Baker Street, ReadingReading£163,3754
RG1 7NPGeorge StreetReading£164,2504

Explore RG1 (Reading) using map

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