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House Prices in RG7

The average house price in RG7 (Reading) is £560,357 using HM Land Registry data.

The average property price increased by £122,266 (12.8%) over the last 5 years and increased by £24,442 (2.12%) over the last 12 months.

Over the last year, there were 273 residential property sales – a decrease of 299 transactions (-109.52%) relative to the previous year. The majority of house sales (82) were in the £374,000 - £488,000 range. Then came properties in the £260,000 - £374,000 range, where 50 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,930 (-3%).

In June 2024, there were 79 new estate agency instructions, 63 agreed home sales and 52 property price reductions.

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.

Property Market Heat Gauge for RG7 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
6 St Marys Way, Burghfield Common, Reading, West Berkshire, RG7 3YR	£385,000	£360,000	-£25,000	02 Feb 2024	26 Apr 2024	84 Days
7 Coltsfoot Close, Burghfield Common, Reading, West Berkshire, RG7 3JT	£465,000	£465,000	£00	07 Nov 2023	23 Apr 2024	168 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
20 Auclum Close, Burghfield Common, Reading, West Berkshire, RG7 3DY	£550,000	£525,000	-£25,000	04 Oct 2023	05 Apr 2024	184 Days
44 Larchside Close, Spencers Wood, Reading, Wokingham, RG7 1DS	£425,000	£425,000	£00	23 Oct 2023	03 Apr 2024	163 Days
4 Kingfisher Close, Aldermaston, Reading, West Berkshire, RG7 4UY	£650,000	£630,000	-£20,000	18 Jul 2023	18 Mar 2024	244 Days
22 Valley Road, Burghfield Common, Reading, West Berkshire, RG7 3NF	£455,000	£425,000	-£30,000	09 Aug 2023	06 Mar 2024	210 Days
1 Barn Owl Way, Burghfield Common, Reading, West Berkshire, RG7 3XX	£600,000	£577,500	-£22,500	21 Jul 2023	19 Feb 2024	213 Days
9 Beech Hill Road, Spencers Wood, Reading, Wokingham, RG7 1HL	£650,000	£620,000	-£30,000	14 Apr 2023	07 Feb 2024	299 Days
Amberley Lodge, Rotten Row, Bradfield, Reading, West Berkshire, RG7 6LL	£1,250,000	£1,175,000	-£75,000	04 Oct 2023	02 Feb 2024	121 Days
The Orchard, Swallowfield Street, Swallowfield, Reading, Wokingham, RG7 1QX	£780,000	£765,000	-£15,000	20 Jul 2023	30 Jan 2024	194 Days
21 Wallace Grove, Three Mile Cross, Reading, Wokingham, RG7 1EZ	£450,000	£445,000	-£5,000	01 Aug 2023	22 Jan 2024	174 Days
88 Hollybush Lane, Burghfield Common, Reading, West Berkshire, RG7 3JS	£400,000	£380,000	-£20,000	30 Aug 2023	22 Jan 2024	145 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
6 Elizabeth Rout Close, Spencers Wood, Reading, Wokingham, RG7 1DQ	£465,000	£460,000	-£5,000	30 Jun 2023	04 Jan 2024	188 Days
30 Grazeley Road, Three Mile Cross, Reading, Wokingham, RG7 1BJ	£735,000	£735,000	£00	20 Mar 2023	04 Jan 2024	290 Days
16 Anstey Place, Burghfield Common, Reading, West Berkshire, RG7 3NQ	£399,950	£385,000	-£14,950	18 May 2023	20 Dec 2023	216 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
3 Salmon Close, Spencers Wood, Reading, Wokingham, RG7 1EG	£475,000	£435,000	-£40,000	22 Mar 2023	11 Dec 2023	264 Days
Chapel Amble, Wood Lane, Beech Hill, Reading, West Berkshire, RG7 2BE	£600,000	£586,000	-£14,000	13 Apr 2023	08 Dec 2023	239 Days

Most Expensive Streets in RG7 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG7 6QB	Chapel Row	Reading	£1,466,666	3
RG7 6BT	Church Road, Bradfield	Reading	£1,213,333	3
RG7 1PY	Basingstoke Road, Swallowfield	Reading	£1,198,740	4
RG7 2NU	Pamber Road, Silchester	Reading	£1,187,500	4
RG7 6JZ	Jennetts Close, Tutts Clump	Reading	£1,177,052	3
RG7 6LG	Rotten Row, Bradfield	Reading	£1,045,383	3
RG7 4DA	Sulhamstead Hill, Sulhamstead	Reading	£1,035,000	3
RG7 3AQ	Sawyers Ley, Mortimer	Reading	£973,435	3
RG7 2BH	Chapel Drive, Beech Hill	Reading	£971,666	3
RG7 2NE	Whistlers Lane, Silchester	Reading	£933,583	6

Least Expensive Streets in RG7 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG7 3HL	Hunters Hill, Burghfield Common	Reading	£152,833	3
RG7 1PB	Great Lea Terrace, Three Mile Cross	Reading	£186,737	4
RG7 5AJ	Brewery Court, Theale	Reading	£190,200	5
RG7 3SW	Badgers Croft, Mortimer Common	Reading	£192,583	6
RG7 5RD	Watermill Court, Woolhampton	Reading	£196,129	17
RG7 3FJ	Glenapp Grange, Mortimer Common	Reading	£199,857	7
RG7 5BH	Andrews Close, Theale	Reading	£202,083	6
RG7 5JQ	Stoneleigh Court, The Green	Reading	£203,333	3
RG7 1TG	Swallowfield Park, Swallowfield	Reading	£204,111	9
RG7 4UX	Lockside Court, Mallard Way	Reading	£215,666	3