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Mortimer House Prices

The average house price in Mortimer is £1,198,000 using HM Land Registry data.

The average property price decreased by £113,071 (--20.52%) over the last 5 years and decreased by £22,604 (--4.91%) over the last 12 months.

Over the last year, there were 25 residential property sales – a decrease of 29 transactions (-116.00%) relative to the previous year. The majority of house sales (6) were in the £420,000 - £530,000 range. Then came properties in the £310,000 - £420,000 range, where 5 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 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 new estate agency instructions, agreed home sales and property price reductions.

5-Year Average Property Prices in Mortimer

-20.52%

Property prices in Mortimer decreased by -20.52% 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 Mortimer Over the Last Year

-4.91%

Property prices in Mortimer decreased by -4.91% 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 Mortimer - 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 Mortimer

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 Mortimer

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 Mortimer

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 Mortimer since 1995

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

Recent Property Sales in Mortimer

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
3 Orchard Road, Mortimer, Reading, West Berkshire, RG7 3QN	£560,000	£555,000	-£5,000	06 Jun 2024	12 Aug 2024	67 Days
54 St Johns Road, Mortimer Common, Reading, West Berkshire, RG7 3TR	£499,950	£460,000	-£39,950	20 Jan 2023	26 Jul 2024	553 Days
48 College Piece, Mortimer, Reading, West Berkshire, RG7 3XG	£385,000	£360,000	-£25,000	02 May 2024	27 Jun 2024	56 Days
1 St Marys Road, Mortimer Common, Reading, West Berkshire, RG7 3UE	£1,000,000	£985,000	-£15,000	15 Sep 2023	24 May 2024	252 Days
Stranton, Ravensworth Road, Mortimer West End, Reading, West Berkshire, RG7 3UD	£725,000	£712,500	-£12,500	04 Jan 2024	22 May 2024	139 Days
18 Briar Lea Road, Mortimer Common, Reading, West Berkshire, RG7 3SA	£550,000	£535,000	-£15,000	09 Oct 2023	18 Apr 2024	192 Days
12 St Johns Road, Mortimer Common, Reading, West Berkshire, RG7 3TR	£765,000	£725,000	-£40,000	30 Jun 2023	10 Jan 2024	194 Days
55 The Avenue, Mortimer Common, Reading, West Berkshire, RG7 3QU	£675,000	£665,000	-£10,000	21 Nov 2022	20 Dec 2023	394 Days
8 Victoria Road, Mortimer Common, Reading, West Berkshire, RG7 3SE	£550,000	£520,000	-£30,000	23 Feb 2023	31 Oct 2023	250 Days
2 Briar Lea Road, Mortimer Common, Reading, West Berkshire, RG7 3SA	£550,000	£520,000	-£30,000	18 Nov 2022	08 Sep 2023	294 Days
20a, Windmill Road, Mortimer Common, Reading, West Berkshire, RG7 3RN	£499,950	£470,000	-£29,950	09 Nov 2022	27 Jun 2023	230 Days
15 Bilberry Gardens, Mortimer, Reading, West Berkshire, RG7 3WU	£412,500	£390,000	-£22,500	14 Feb 2023	16 Jun 2023	122 Days
17 Stephens Firs, Mortimer, Reading, West Berkshire, RG7 3UY	£375,000	£363,500	-£11,500	06 Mar 2023	19 May 2023	74 Days
79 Stephens Firs, Mortimer, Reading, West Berkshire, RG7 3XA	£575,000	£575,000	£00	20 Sep 2022	05 May 2023	227 Days
46 King Street, Mortimer Common, Reading, West Berkshire, RG7 3RS	£750,000	£735,000	-£15,000	21 Apr 2023	24 Apr 2023	3 Days
11 West End Road, Mortimer Common, Reading, West Berkshire, RG7 3TB	£500,000	£498,000	-£2,000	26 Jul 2022	27 Mar 2023	244 Days
16 The Crescent, Mortimer Common, Reading, West Berkshire, RG7 3RU	£435,000	£410,000	-£25,000	02 Nov 2022	22 Feb 2023	112 Days
9 Croft Road, Mortimer Common, Reading, West Berkshire, RG7 3TS	£450,000	£435,000	-£15,000	16 Nov 2022	31 Jan 2023	76 Days
3 The Crescent, Mortimer Common, Reading, West Berkshire, RG7 3RX	£435,000	£412,500	-£22,500	04 May 2022	24 Jan 2023	265 Days
2 Victoria Road, Mortimer Common, Reading, West Berkshire, RG7 3SE	£450,000	£445,000	-£5,000	15 Jul 2022	14 Dec 2022	152 Days

Most Expensive Streets in Mortimer

Postcode	Street	Area	Average	No. of Sales
RG7 3SZ	St Johns Close	Mortimer Common	£989,333	3
RG7 3UE	St Marys Road	Mortimer Common	£888,600	5
RG7 3QX	The Avenue	Mortimer Common	£785,000	3
RG7 3RD	The Street	Mortimer Common	£751,400	5
RG7 3WA	Cob Street	Mortimer Common	£673,625	8
RG7 3TR	St Johns Road	Mortimer Common	£655,000	4
RG7 3RS	King Street	Mortimer Common	£604,722	9
RG7 3QU	The Avenue	Mortimer Common	£589,666	6
RG7 3QY	The Avenue	Mortimer Common	£556,666	3
RG7 3SE	Victoria Road	Mortimer Common	£550,000	3

Least Expensive Streets in Mortimer

Postcode	Street	Area	Average	No. of Sales
RG7 3SW	Badgers Croft	Mortimer Common	£192,083	6
RG7 3FJ	Glenapp Grange	Mortimer Common	£199,857	7
RG7 3SR	Groves Lea	Mortimer	£219,700	10
RG7 3UW	Laneswood	Mortimer	£287,166	3
RG7 3XH	College Piece	Mortimer	£310,857	7
RG7 3SP	The Bevers	Mortimer Common	£369,875	4
RG7 3RX	The Crescent	Mortimer Common	£371,833	3
RG7 3TX	Stephens Close	Mortimer Common	£391,000	3
RG7 3RU	The Crescent	Mortimer Common	£393,500	4
RG7 3TT	Leighfield	Mortimer Common	£393,700	5