You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in RG1

House Prices in RG1

The average house price in RG1 (Reading) is £314,642 using HM Land Registry data.

The average property price increased by £50,293 (8.84%) over the last 5 years and increased by £10,054 (1.51%) over the last 12 months.

Over the last year, there were 427 residential property sales – a decrease of 272 transactions (-63.70%) relative to the previous year. The majority of house sales (137) were in the £248,000 - £316,000 range. Then came properties in the £316,000 - £384,000 range, where 86 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 91 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,776 (-2%).

In June 2024, there were 124 new estate agency instructions, 87 agreed home sales and 66 property price reductions.

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.

Property Market Heat Gauge for RG1 (Reading) - June 2024

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
34 Alpine Street, Reading, RG1 2QA	£340,000	£325,000	-£15,000	09 Nov 2023	03 May 2024	176 Days
144 Castle Hill, Reading, RG1 7RW	£649,950	£610,000	-£39,950	21 Sep 2023	29 Apr 2024	221 Days
34 Pennyroyal Court, Reading, RG1 6HE	£179,950	£170,000	-£9,950	22 Sep 2023	26 Apr 2024	217 Days
6 De Montfort Road, Reading, RG1 8DL	£500,000	£494,000	-£6,000	31 Jan 2024	12 Apr 2024	72 Days
46 Tintern Crescent, Reading, RG1 6HA	£475,000	£460,000	-£15,000	07 Nov 2023	05 Apr 2024	150 Days
2 The Old Lane, Reading, RG1 6DB	£280,000	£280,000	£00	18 Oct 2023	28 Mar 2024	162 Days
38 York Road, Reading, RG1 8DX	£290,000	£284,000	-£6,000	05 Dec 2023	19 Mar 2024	105 Days
54 Kennet Walk, Reading, RG1 3GF	£195,000	£190,000	-£5,000	05 Sep 2023	01 Mar 2024	178 Days
40 Franklin Street, Reading, RG1 7YA	£395,000	£377,500	-£17,500	23 Oct 2023	16 Feb 2024	116 Days
7 Blenheim Road, Reading, RG1 5NG	£300,000	£270,000	-£30,000	07 Aug 2023	14 Feb 2024	191 Days
Flat 8, Ashdown House, Rembrandt Way, Reading, RG1 6QW	£210,000	£205,000	-£5,000	27 Sep 2023	13 Feb 2024	139 Days
14 Fatherson Road, Reading, RG1 4PL	£390,000	£374,000	-£16,000	21 Dec 2023	12 Feb 2024	53 Days
8 Donnington Road, Reading, RG1 5ND	£415,000	£412,500	-£2,500	07 Aug 2023	09 Feb 2024	186 Days
5 Derby Street, Reading, RG1 7NX	£279,995	£270,000	-£9,995	23 May 2023	07 Feb 2024	260 Days
125 Cumberland Road, Reading, RG1 3JY	£290,000	£277,000	-£13,000	31 May 2023	30 Jan 2024	244 Days
10 Lynmouth Road, Reading, RG1 8DD	£550,000	£534,000	-£16,000	18 Oct 2023	26 Jan 2024	100 Days
49 Blenheim Road, Reading, RG1 5NG	£350,000	£340,000	-£10,000	04 Oct 2023	26 Jan 2024	114 Days
9 Eldon Road, Reading, RG1 4DN	£695,000	£668,500	-£26,500	31 Jul 2023	26 Jan 2024	179 Days
4 Southern Hill, Reading, RG1 5ES	£190,000	£190,000	£00	13 Oct 2023	24 Jan 2024	103 Days
17 Argyle Street, Reading, RG1 7YP	£465,000	£450,000	-£15,000	17 Aug 2023	23 Jan 2024	159 Days

Most Expensive Streets in RG1 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG1 6HY	Berkeley Avenue	Reading	£720,833	3
RG1 5PP	Alexandra Road	Reading	£696,250	4
RG1 5PE	Alexandra Road	Reading	£695,125	4
RG1 5JB	Marlborough Avenue	Reading	£671,666	3
RG1 5JD	New Road	Reading	£665,250	4
RG1 5PS	Alexandra Road	Reading	£644,625	4
RG1 7RS	Jesse Terrace	Reading	£623,341	3
RG1 3GR	Filbert Street	Reading	£608,357	7
RG1 5HL	The Mount	Reading	£595,400	5
RG1 5JH	Avebury Square	Reading	£576,500	4

Least Expensive Streets in RG1 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG1 6FJ	Coley Avenue	Reading	£85,562	4
RG1 6QH	Talbot Court	Reading	£96,816	6
RG1 7RA	Tilehurst Road	Reading	£103,000	6
RG1 7LZ	Alleyne Close	Reading	£122,375	4
RG1 6HD	Cranford Mews	Reading	£124,750	3
RG1 5DR	Alpha House Flats, Kendrick Road	Reading	£131,237	4
RG1 4FF	East Street	Reading	£147,666	3
RG1 7SX	Castle Hill	Reading	£150,762	4
RG1 6BQ	Cheriton Court	Reading	£159,687	4
RG1 7XZ	Alexander Court, Baker Street, Reading	Reading	£166,333	3