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House Prices in RG8

The average house price in RG8 (Reading) is £872,500 using HM Land Registry data.

The average property price increased by £203,853 (3.8%) over the last 5 years and increased by £40,752 (0.67%) over the last 12 months.

Over the last year, there were 173 residential property sales – a decrease of 72 transactions (-41.62%) relative to the previous year. The majority of house sales (69) were in the £330,000 - £574,000 range. Then came properties in the £574,000 - £818,000 range, where 34 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 56 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-26,609 (-3%).

In June 2024, there were 55 new estate agency instructions, 27 agreed home sales and 18 property price reductions.

5-Year Average Property Prices in RG8 (Reading)

3.8%

Property prices in Reading increased by 3.8% 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 RG8 (Reading) Over the Last Year

0.67%

Property prices in Reading increased by 0.67% 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 RG8 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 RG8 (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 RG8 (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 RG8 (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 RG8 (Reading) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RG8 postcode area since 1995.

Recent Sales in RG8 (Reading)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Lower House, Beech Road, Purley On Thames, Reading, West Berkshire, RG8 8DS	£1,250,000	£1,200,000	-£50,000	18 Aug 2023	03 May 2024	259 Days
2 Duchess Close, Whitchurch On Thames, Reading, Oxfordshire, RG8 7EN	£1,175,000	£1,165,000	-£10,000	28 Jul 2023	02 May 2024	279 Days
19 Milldown Road, Goring, Reading, Oxfordshire, RG8 0BA	£750,000	£745,000	-£5,000	04 Dec 2023	30 Apr 2024	148 Days
25 Reading Road, Pangbourne, Reading, West Berkshire, RG8 7LR	£465,000	£455,000	-£10,000	09 Dec 2023	12 Apr 2024	125 Days
4 Oak Tree Walk, Purley On Thames, Reading, West Berkshire, RG8 8BN	£400,000	£395,000	-£5,000	06 Nov 2023	22 Mar 2024	137 Days
153 Bourne Road, Pangbourne, Reading, West Berkshire, RG8 7JT	£650,000	£625,000	-£25,000	29 Aug 2023	14 Feb 2024	169 Days
15 Bensgrove Close, Woodcote, Reading, Oxfordshire, RG8 0SJ	£425,000	£400,000	-£25,000	13 Jul 2023	14 Feb 2024	216 Days
6 Mountfield, Goring, Reading, Oxfordshire, RG8 0BE	£450,000	£429,000	-£21,000	21 Sep 2023	02 Feb 2024	134 Days
Cleeve House Cottage, Cleeve Road, Goring, Reading, Oxfordshire, RG8 9DA	£685,000	£685,000	£00	07 Nov 2023	19 Jan 2024	73 Days
23 Grange Close, Goring, Reading, Oxfordshire, RG8 9DY	£450,000	£425,000	-£25,000	27 Feb 2023	19 Jan 2024	326 Days
75 Wallingford Road, Goring, Reading, Oxfordshire, RG8 0HL	£625,000	£625,000	£00	11 Oct 2023	19 Jan 2024	100 Days
Poppies, Kiln Corner, Upper Basildon, Reading, West Berkshire, RG8 8SP	£900,000	£890,000	-£10,000	18 Sep 2023	19 Jan 2024	123 Days
Ingleborough, Green Lane, Pangbourne, Reading, West Berkshire, RG8 7BG	£1,100,000	£985,000	-£115,000	14 Nov 2023	17 Jan 2024	64 Days
47 Kennedy Drive, Pangbourne, Reading, West Berkshire, RG8 7JR	£375,000	£370,000	-£5,000	29 Aug 2023	12 Jan 2024	136 Days
Rookwood, Thames Avenue, Pangbourne, Reading, West Berkshire, RG8 7BU	£585,000	£550,000	-£35,000	13 Sep 2023	20 Dec 2023	98 Days
71 Kennedy Drive, Pangbourne, Reading, West Berkshire, RG8 7LD	£305,000	£150,000	-£155,000	20 Jan 2016	20 Dec 2023	2891 Days
3 Hagbourne Close, Woodcote, Reading, Oxfordshire, RG8 0RZ	£359,950	£355,000	-£4,950	11 Aug 2023	15 Dec 2023	126 Days
6a, Shooters Hill, Pangbourne, Reading, West Berkshire, RG8 7DU	£1,180,000	£1,100,000	-£80,000	31 Oct 2023	14 Dec 2023	44 Days
Birchcroft, Reading Road, Woodcote, Reading, Oxfordshire, RG8 0QX	£600,000	£585,000	-£15,000	25 May 2023	07 Dec 2023	196 Days
10 Farm Close, Purley On Thames, Reading, West Berkshire, RG8 8BA	£450,000	£442,000	-£8,000	22 Jun 2023	07 Dec 2023	168 Days

Most Expensive Streets in RG8 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG8 7SR	Pot Kiln Lane, Goring Heath	Reading	£2,389,625	4
RG8 9PG	Lower Basildon	Reading	£2,210,000	3
RG8 7BD	Flowers Hill, Pangbourne	Reading	£1,941,666	3
RG8 9LD	Wantage Road, Streatley	Reading	£1,895,800	5
RG8 8RG	Ashampstead	Reading	£1,620,666	3
RG8 7AU	Riverview Road, Pangbourne	Reading	£1,611,342	10
RG8 0SU	Checkendon	Reading	£1,593,750	4
RG8 0DT	Elvendon Road, Goring	Reading	£1,559,375	4
RG8 8NT	Bethesda Street, Upper Basildon	Reading	£1,424,928	7
RG8 0HS	Bridle Way, Goring	Reading	£1,382,075	4

Least Expensive Streets in RG8 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG8 7HS	Coach House Court, Reading Road	Reading	£133,928	7
RG8 0QR	Medill Close, Woodcote	Reading	£194,166	3
RG8 9DJ	Waltham Court, Mill Road	Reading	£195,625	4
RG8 7AW	Willows Court, Pangbourne	Reading	£197,350	9
RG8 8EW	Saunders Court, Purley On Thames	Reading	£248,000	5
RG8 0EW	Queens Court, Goring	Reading	£267,375	4
RG8 8EZ	Trenthams Close, Purley On Thames	Reading	£302,300	5
RG8 7BP	Whitchurch Road, Pangbourne	Reading	£308,333	3
RG8 7BN	Sycamore Court, Pangbourne	Reading	£315,750	4
RG8 8TG	Lilac Close, Purley On Thames	Reading	£316,666	3