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House Prices in RG2

The average house price in RG2 (Reading) is £337,537 using HM Land Registry data.

The average property price increased by £29,886 (5.3%) over the last 5 years and increased by £5,988 (0.93%) over the last 12 months.

Over the last year, there were 291 residential property sales – a decrease of 286 transactions (-98.28%) relative to the previous year. The majority of house sales (74) were in the £286,000 - £372,000 range. Then came properties in the £372,000 - £458,000 range, where 54 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,253 (-3%).

In Oct 24, there were 84 new estate agency instructions, 62 agreed home sales and 52 property price reductions.

5-Year Average Property Prices in RG2 (Reading)

5.3%

Property prices in Reading increased by 5.3% 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 RG2 (Reading) Over the Last Year

0.93%

Property prices in Reading increased by 0.93% 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 RG2 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 RG2 (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 RG2 (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 RG2 (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 RG2 (Reading) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RG2 postcode area since 1995.

Recent Sales in RG2 (Reading)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
12 Mitford Close, Reading, Wokingham, RG2 8JQ	£385,000	£373,500	-£11,500	13 Jun 2024	20 Aug 2024	68 Days
Flat 17, Southglade, Whitley Wood Road, Reading, RG2 8JS	£165,000	£163,500	-£1,500	07 May 2024	16 Aug 2024	101 Days
28 Heatherden Close, Reading, RG2 8SB	£350,000	£350,000	£00	17 Apr 2024	09 Aug 2024	114 Days
82 Windermere Road, Reading, RG2 7HR	£210,000	£195,000	-£15,000	01 Feb 2024	09 Aug 2024	190 Days
52 Poperinghe Way, Arborfield, Reading, Wokingham, RG2 9LZ	£235,000	£230,000	-£5,000	30 Jan 2024	30 Jul 2024	182 Days
12 Wheatfields Road, Shinfield, Reading, Wokingham, RG2 9DG	£290,000	£290,000	£00	17 Mar 2024	26 Jul 2024	131 Days
21 Fairmead Road, Shinfield, Reading, Wokingham, RG2 9DL	£335,000	£230,795	-£104,205	05 Mar 2014	25 Jul 2024	3795 Days
46 Tippett Rise, Reading, RG2 0DJ	£230,000	£230,000	£00	11 Sep 2023	19 Jul 2024	312 Days
54 Attwood Drive, Arborfield, Reading, Wokingham, RG2 9FE	£475,000	£460,000	-£15,000	13 Feb 2024	11 Jul 2024	149 Days
69 Waterloo Road, Reading, RG2 0AG	£285,000	£275,000	-£10,000	31 Oct 2023	10 Jul 2024	253 Days
8 Glebe Road, Reading, RG2 7AG	£850,000	£815,000	-£35,000	19 Mar 2024	05 Jul 2024	108 Days
114 Winton Road, Reading, RG2 8HL	£400,000	£395,000	-£5,000	22 Mar 2024	20 Jun 2024	90 Days
Flat 35, Milward Court, Warwick Road, Reading, RG2 7BG	£145,000	£140,000	-£5,000	18 Jan 2024	19 Jun 2024	153 Days
10a, Dovecote Road, Reading, RG2 8UJ	£475,000	£457,000	-£18,000	22 Dec 2023	21 May 2024	151 Days
87 Brixham Road, Reading, RG2 7RB	£300,000	£285,000	-£15,000	21 Aug 2023	08 May 2024	261 Days
70 Shinfield Road, Reading, RG2 7DA	£1,050,000	£975,000	-£75,000	04 Sep 2023	03 May 2024	242 Days
18 Fairlawn Green, Reading, Wokingham, RG2 8EG	£450,000	£447,000	-£3,000	10 Aug 2023	03 May 2024	267 Days
Stoneleigh, Halls Lane, Shinfield, Reading, Wokingham, RG2 9BD	£685,000	£675,000	-£10,000	08 Feb 2024	02 May 2024	84 Days
21 Skylark Way, Shinfield, Reading, Wokingham, RG2 9AD	£575,000	£555,000	-£20,000	06 Nov 2023	01 May 2024	177 Days
3 Padstow Gardens, Reading, RG2 8BB	£315,000	£315,000	£00	29 Jan 2024	01 May 2024	93 Days

Most Expensive Streets in RG2 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG2 9JA	Church Lane, Arborfield	Reading	£1,340,000	5
RG2 7DA	Shinfield Road	Reading	£1,107,300	5
RG2 9JB	Church Lane, Arborfield	Reading	£1,083,333	3
RG2 9JJ	Carters Hill, Arborfield	Reading	£1,031,500	5
RG2 9DP	The Manor, Shinfield	Reading	£933,750	4
RG2 9BX	Brookers Hill, Shinfield	Reading	£833,750	4
RG2 9EZ	Grenadier Close, Shinfield	Reading	£820,714	7
RG2 9HQ	Holder Close, Shinfield	Reading	£818,333	3
RG2 7HD	Northcourt Avenue	Reading	£790,750	4
RG2 7AG	Glebe Road	Reading	£726,000	3

Least Expensive Streets in RG2 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG2 8JX	Pevensey Court, Newstead Rise	Reading	£101,666	3
RG2 8AQ	Engineers Court, Whitley Wood Lane	Reading	£108,812	4
RG2 9YZ	Lance Way, Arborfield Green	Reading	£114,500	4
RG2 7BH	Marlborough House, Northcourt Avenue	Reading	£124,111	9
RG2 8JS	Whitley Wood Road	Reading	£131,100	10
RG2 8RQ	Rossington Place	Reading	£141,425	4
RG2 0GZ	Thorney House, Drake Way	Reading	£156,546	16
RG2 7BG	Milward Court, Warwick Road	Reading	£157,055	9
RG2 0PQ	Linnet House, Bedwyn Mews	Reading	£161,666	3
RG2 0AT	Lynden Mews, Dale Road	Reading	£164,450	10