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House Prices in RG5 House Prices in RG5 (Reading)

The average house price in RG5 (Reading) is £502,517 using HM Land Registry data.

The average property price increased by £69,064 (8.61%) over the last 5 years and increased by £13,838 (1.47%) over the last 12 months.

Over the last year, there were 282 residential property sales – a decrease of 43 transactions (-15.25%) relative to the previous year. The majority of house sales (79) were in the £410,000 - £490,000 range. Then came properties in the £330,000 - £410,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 109 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,110 (-2%).

In December 2024, there were 15 new estate agency instructions, 38 agreed home sales and 8 property price reductions.

Nearby Postcodes: GU46, GU47, RG1, RG10, RG12, RG2, RG27, RG30, RG31, RG4, RG40, RG41, RG42, RG45, RG6, RG7, RG8, RG9, SL4, SL5, SL6

5-Year Average Property Prices in RG5 (Reading)

8.61%

Property prices in RG5 (Reading) increased by 8.61% 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 RG5 (Reading) Over the Last Year

1.47%

Property prices in RG5 (Reading) increased by 1.47% 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 RG5 (Reading) - December 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 RG5 (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 RG5 (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 RG5 (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 RG5 (Reading) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RG5 postcode area since 1995.

Recent Sales in RG5 (Reading)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
84 Roslyn Road, Woodley, Reading, Wokingham, RG5 3HS£550,000£550,000£007 Aug 202414 Nov 202499 Days
3 Hartigan Place, Woodley, Reading, Wokingham, RG5 4SH£230,000£226,000-£4,00015 Apr 202413 Nov 2024212 Days
36 Harvard Close, Woodley, Reading, Wokingham, RG5 4UJ£332,500£325,500-£7,00029 Apr 202413 Nov 2024198 Days
45 Fosters Lane, Woodley, Reading, Wokingham, RG5 4HH£485,000£475,000-£10,00019 Jun 202412 Nov 2024146 Days
6 The Hedgerows, Woodley, Reading, Wokingham, RG5 3BQ£415,000£405,000-£10,00003 Jun 202408 Nov 2024158 Days
5 Wyndham Crescent, Woodley, Reading, Wokingham, RG5 3AY£795,000£740,000-£55,00021 May 202407 Nov 2024170 Days
49 Redwood Avenue, Woodley, Reading, Wokingham, RG5 4DS£450,000£450,000£029 Jul 202429 Oct 202492 Days
57 Cartmel Drive, Woodley, Reading, Wokingham, RG5 3NG£415,000£410,000-£5,00019 Jul 202425 Oct 202498 Days
6 Pearson Way, Woodley, Reading, Wokingham, RG5 3QH£365,000£360,000-£5,00008 Jun 202425 Oct 2024139 Days
129 Fairwater Drive, Woodley, Reading, Wokingham, RG5 3JQ£365,000£360,000-£5,00009 Apr 202423 Oct 2024197 Days
62 Austin Road, Woodley, Reading, Wokingham, RG5 4EL£595,000£580,000-£15,00005 Jun 202422 Oct 2024139 Days
Flat 7, Douglas Bader Court, Howth Drive, Woodley, Reading, Wokingham, RG5 3AF£250,000£240,000-£10,00026 Feb 202411 Oct 2024228 Days
38 Harvard Close, Woodley, Reading, Wokingham, RG5 4UJ£330,000£328,000-£2,00019 Apr 202410 Oct 2024174 Days
10 Mollison Close, Woodley, Reading, Wokingham, RG5 4XG£795,000£760,000-£35,00011 Jan 202423 Aug 2024225 Days
Flat 25, Magnolia Court, Headley Road East, Woodley, Reading, Wokingham, RG5 4SD£160,000£157,500-£2,50024 May 202416 Aug 202484 Days
20 Farriers Close, Woodley, Reading, Wokingham, RG5 3DD£595,000£584,375-£10,62528 Mar 202401 Aug 2024126 Days
115 Western Avenue, Woodley, Reading, Wokingham, RG5 3BL£500,000£495,000-£5,00018 Mar 202426 Jul 2024130 Days
6 Wright Close, Woodley, Reading, Wokingham, RG5 4TY£480,000£480,000£002 Apr 202418 Jul 2024107 Days
115 Butts Hill Road, Woodley, Reading, Wokingham, RG5 4NT£650,000£632,000-£18,00016 Jan 202412 Jul 2024178 Days
8 Brecon Road, Woodley, Reading, Wokingham, RG5 4PR£500,000£485,000-£15,00026 Feb 202408 Jul 2024133 Days

Most Expensive Streets in RG5 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG5 4RPCopse Mead, WoodleyReading£868,7506
RG5 4RSDenmark Avenue, WoodleyReading£823,50010
RG5 4JQMaple Grove, WoodleyReading£788,3333
RG5 3BHWestern Avenue, WoodleyReading£746,9166
RG5 4TWHenderson Close, WoodleyReading£741,6663
RG5 3AYWyndham Crescent, WoodleyReading£727,0003
RG5 4NHButts Hill Road, WoodleyReading£725,8336
RG5 4XDPhillips Close, WoodleyReading£701,6254
RG5 4WPBluebell Crescent, WoodleyReading£695,5005
RG5 3QDThe Ridgeway, WoodleyReading£686,2504

Least Expensive Streets in RG5 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG5 4SDMagnolia Court, Headley Road EastReading£146,77211
RG5 3DWAlexandra Place, South Lake CrescentReading£150,0004
RG5 3JPCrockhamwell Road, WoodleyReading£169,0003
RG5 3AFDouglas Bader Court, Howth DriveReading£170,02319
RG5 3JHCrockhamwell Road, WoodleyReading£187,0004
RG5 4JGHeadley Road, WoodleyReading£204,0003
RG5 4HQHunters Court, WoodleyReading£205,7504
RG5 3LLRickman Close, WoodleyReading£220,81913
RG5 3SQSouthlake Court, WoodleyReading£221,35714
RG5 4ULGalleria Apartments, Loddon Vale CentreReading£230,5004

Explore RG5 (Reading) using map

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