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House Prices in RG7 House Prices in RG7 (Reading)

The average house price in RG7 (Reading) is £613,500 using HM Land Registry data.

The average property price increased by £112,278 (12.8%) over the last 5 years and increased by £22,497 (2.12%) over the last 12 months.

Over the last year, there were 249 residential property sales – a decrease of 242 transactions (-97.19%) relative to the previous year. The majority of house sales (78) were in the £390,000 - £520,000 range. Then came properties in the £260,000 - £390,000 range, where 54 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,930 (-3%).

In Oct 24, there were 69 new estate agency instructions, 61 agreed home sales and 50 property price reductions.

Nearby Postcodes: GU10, GU17, GU34, GU46, GU47, GU51, OX10, OX11, OX12, RG1, RG10, RG12, RG14, RG17, RG18, RG19, RG2, RG20, RG21, RG22, RG23, RG24, RG25, RG26, RG27, RG28, RG29, RG30, RG31, RG4, RG40, RG41, RG42, RG45, RG6, RG8, RG9, SO21, SO24, SP11

5-Year Average Property Prices in RG7 (Reading)

12.8%

Property prices in Reading increased by 12.8% 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 RG7 (Reading) Over the Last Year

2.12%

Property prices in Reading increased by 2.12% 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 RG7 (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 RG7 (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 RG7 (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 RG7 (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 RG7 (Reading) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RG7 postcode area since 1995.

Recent Sales in RG7 (Reading)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Orchard Road, Mortimer, Reading, West Berkshire, RG7 3QN£560,000£555,000-£5,00006 Jun 202412 Aug 202467 Days
Bracondale, Basingstoke Road, Spencers Wood, Reading, Wokingham, RG7 1AA£375,000£375,000£0008 Feb 202405 Aug 2024179 Days
54 St Johns Road, Mortimer Common, Reading, West Berkshire, RG7 3TR£499,950£460,000-£39,95020 Jan 202326 Jul 2024553 Days
72 Meadow Way, Theale, Reading, West Berkshire, RG7 5DQ£380,000£380,000£0017 Apr 202426 Jul 2024100 Days
Garden House, The Street, Mortimer, Reading, West Berkshire, RG7 3PE£1,050,000£1,025,000-£25,00028 Nov 202325 Jul 2024240 Days
25 Birch Road, Burghfield Common, Reading, West Berkshire, RG7 3LU£525,000£500,000-£25,00006 Oct 202319 Jul 2024287 Days
25 Meadow Way, Theale, Reading, West Berkshire, RG7 4AU£350,000£350,000£0008 Jan 202415 Jul 2024189 Days
4 Stanbury Gate, Spencers Wood, Reading, Wokingham, RG7 1SR£270,000£270,000£0013 Feb 202427 Jun 2024135 Days
48 College Piece, Mortimer, Reading, West Berkshire, RG7 3XG£385,000£360,000-£25,00002 May 202427 Jun 202456 Days
36 Tarragon Way, Burghfield Common, Reading, West Berkshire, RG7 3YU£550,000£545,000-£5,00017 Jan 202407 Jun 2024142 Days
14 Century Drive, Spencers Wood, Reading, Wokingham, RG7 1PE£480,000£448,000-£32,00014 Oct 202307 Jun 2024237 Days
Spennyend, The Green, Beenham, Reading, West Berkshire, RG7 5NP£725,000£715,000-£10,00024 Dec 202306 Jun 2024165 Days
25 Paradise Way, Chapel Row, Reading, West Berkshire, RG7 6PA£450,000£440,000-£10,00016 Aug 202306 Jun 2024295 Days
1 St Marys Road, Mortimer Common, Reading, West Berkshire, RG7 3UE£1,000,000£985,000-£15,00015 Sep 202324 May 2024252 Days
Stranton, Ravensworth Road, Mortimer West End, Reading, West Berkshire, RG7 3UD£725,000£712,500-£12,50004 Jan 202422 May 2024139 Days
12 Barn Owl Way, Burghfield Common, Reading, West Berkshire, RG7 3XX£475,000£460,000-£15,00010 Jan 202416 May 2024127 Days
20 Reading Road, Burghfield Common, Reading, West Berkshire, RG7 3QA£575,000£570,000-£5,00024 Jan 202410 May 2024107 Days
6 St Marys Way, Burghfield Common, Reading, West Berkshire, RG7 3YR£385,000£360,000-£25,00002 Feb 202426 Apr 202484 Days
7 Coltsfoot Close, Burghfield Common, Reading, West Berkshire, RG7 3JT£465,000£465,000£0007 Nov 202323 Apr 2024168 Days
18 Briar Lea Road, Mortimer Common, Reading, West Berkshire, RG7 3SA£550,000£535,000-£15,00009 Oct 202318 Apr 2024192 Days

Most Expensive Streets in RG7 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG7 6QBChapel RowReading£1,466,6663
RG7 1PYBasingstoke Road, SwallowfieldReading£1,198,7404
RG7 2NUPamber Road, SilchesterReading£1,187,5004
RG7 6JZJennetts Close, Tutts ClumpReading£1,177,0523
RG7 6PBChapel RowReading£1,068,3336
RG7 6LGRotten Row, BradfieldReading£1,045,3833
RG7 4DASulhamstead Hill, SulhamsteadReading£1,035,0003
RG7 3SZSt Johns Close, Mortimer CommonReading£989,3333
RG7 2BHChapel Drive, Beech HillReading£971,6663
RG7 2NEWhistlers Lane, SilchesterReading£933,5836

Least Expensive Streets in RG7 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG7 3HLHunters Hill, Burghfield CommonReading£152,8333
RG7 5AJBrewery Court, ThealeReading£177,5004
RG7 1TGSwallowfield Park, SwallowfieldReading£186,5008
RG7 1PBGreat Lea Terrace, Three Mile CrossReading£186,7374
RG7 3SWBadgers Croft, Mortimer CommonReading£192,0836
RG7 5JZAngel Court, ThealeReading£197,3333
RG7 5RDWatermill Court, WoolhamptonReading£197,42317
RG7 3FJGlenapp Grange, Mortimer CommonReading£199,8577
RG7 5BHAndrews Close, ThealeReading£201,5005
RG7 5JQStoneleigh Court, The GreenReading£203,3333

Explore RG7 (Reading) using map

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