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House Prices in RG2 House Prices in RG2 (Reading)

The average house price in RG2 (Reading) is £409,673 using HM Land Registry data.

The average property price increased by £38,307 (5.3%) over the last 5 years and increased by £7,674 (0.93%) over the last 12 months.

Over the last year, there were 376 residential property sales – a decrease of 208 transactions (-55.32%) relative to the previous year. The majority of house sales (101) were in the £296,000 - £382,000 range. Then came properties in the £382,000 - £468,000 range, where 78 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 170 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,076 (-2%).

In January 2025, there were 109 new estate agency instructions, 49 agreed home sales and 54 property price reductions.

Nearby Postcodes: GU10, GU15, GU17, GU19, GU34, GU46, GU47, GU51, OX11, OX12, RG1, RG10, RG12, RG14, RG17, RG18, RG19, RG20, RG21, RG22, RG23, RG24, RG25, RG26, RG27, RG28, RG29, RG30, RG31, RG4, RG40, RG41, RG42, RG45, RG5, RG6, RG7, RG8, RG9, SL5, SL6, SN6, SN8, SO21, SO24, SP11

5-Year Average Property Prices in RG2 (Reading)

5.3%

Property prices in RG2 (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 RG2 (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.

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 RG2 (Reading) - January 2025

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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
49 Howell Close, Arborfield, Reading, Wokingham, RG2 9GN£350,000£337,500-£12,50018 Jun 202413 Dec 2024178 Days
23 Bourne Avenue, Reading, RG2 0DU£420,000£400,000-£20,00018 Jul 202422 Nov 2024127 Days
21 Coningham Road, Reading, Wokingham, RG2 8QP£750,000£730,000-£20,00027 Apr 202408 Nov 2024195 Days
42 Shirley Avenue, Reading, RG2 8TD£365,000£360,000-£5,00024 Apr 202430 Oct 2024189 Days
10 Rowley Road, Reading, RG2 0DR£375,000£360,000-£15,00019 Mar 202429 Oct 2024224 Days
12 Gerring Road, Arborfield, Reading, Wokingham, RG2 9NZ£400,000£400,000£027 Jun 202428 Oct 2024123 Days
10 Lexington Grove, Reading, RG2 8UG£280,000£280,000£008 Feb 202425 Oct 2024260 Days
55 Collis Street, Reading, RG2 0AE£325,000£325,000£025 Mar 202425 Oct 2024214 Days
12 Mitford Close, Reading, Wokingham, RG2 8JQ£385,000£373,500-£11,50013 Jun 202420 Aug 202468 Days
Flat 17, Southglade, Whitley Wood Road, Reading, RG2 8JS£165,000£163,500-£1,50007 May 202416 Aug 2024101 Days
28 Heatherden Close, Reading, RG2 8SB£350,000£350,000£017 Apr 202409 Aug 2024114 Days
82 Windermere Road, Reading, RG2 7HR£210,000£195,000-£15,00001 Feb 202409 Aug 2024190 Days
52 Poperinghe Way, Arborfield, Reading, Wokingham, RG2 9LZ£235,000£230,000-£5,00030 Jan 202430 Jul 2024182 Days
12 Wheatfields Road, Shinfield, Reading, Wokingham, RG2 9DG£290,000£290,000£017 Mar 202426 Jul 2024131 Days
21 Fairmead Road, Shinfield, Reading, Wokingham, RG2 9DL£335,000£230,795-£104,20505 Mar 201425 Jul 20243795 Days
46 Tippett Rise, Reading, RG2 0DJ£230,000£230,000£011 Sep 202319 Jul 2024312 Days
54 Attwood Drive, Arborfield, Reading, Wokingham, RG2 9FE£475,000£460,000-£15,00013 Feb 202411 Jul 2024149 Days
69 Waterloo Road, Reading, RG2 0AG£285,000£275,000-£10,00031 Oct 202310 Jul 2024253 Days
8 Glebe Road, Reading, RG2 7AG£850,000£815,000-£35,00019 Mar 202405 Jul 2024108 Days
114 Winton Road, Reading, RG2 8HL£400,000£395,000-£5,00022 Mar 202420 Jun 202490 Days

Most Expensive Streets in RG2 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG2 9JAChurch Lane, ArborfieldReading£1,438,7504
RG2 9JBChurch Lane, ArborfieldReading£1,083,3333
RG2 7DAShinfield RoadReading£1,074,5628
RG2 9JJCarters Hill, ArborfieldReading£1,031,5005
RG2 9DPThe Manor, ShinfieldReading£933,7504
RG2 9BXBrookers Hill, ShinfieldReading£833,7504
RG2 9EZGrenadier Close, ShinfieldReading£820,7147
RG2 9HQHolder Close, ShinfieldReading£818,3333
RG2 7HDNorthcourt AvenueReading£811,6005
RG2 7HENorthcourt AvenueReading£714,2674

Least Expensive Streets in RG2 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG2 8JXPevensey Court, Newstead RiseReading£101,6663
RG2 8AQEngineers Court, Whitley Wood LaneReading£108,8124
RG2 9YZLance Way, Arborfield GreenReading£114,5004
RG2 7BHMarlborough House, Northcourt AvenueReading£115,6258
RG2 8JSWhitley Wood RoadReading£129,0009
RG2 8RQRossington PlaceReading£141,4254
RG2 7BGMilward Court, Warwick RoadReading£149,85010
RG2 0PQLinnet House, Bedwyn MewsReading£161,6663
RG2 0GZThorney House, Drake WayReading£162,48416
RG2 0ATLynden Mews, Dale RoadReading£164,45010

Explore RG2 (Reading) using map

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