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Spencers Wood and Three Mile Cross House Prices Spencers Wood and Three Mile Cross House Prices

The average house price in Spencers Wood and Three Mile Cross is £340,000 using HM Land Registry data.

The average property price increased by £20,995 (4.84%) over the last 5 years and increased by £4,196 (0.93%) over the last 12 months.

Over the last year, there were 93 residential property sales – a decrease of 9 transactions (-9.68%) relative to the previous year. The majority of house sales (25) were in the £418,000 - £492,000 range. Then came properties in the £344,000 - £418,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,884 (-2%).

In May 2025, there were 23 new estate agency instructions, 20 agreed home sales and 19 property price reductions.

Neighbouring Areas: Reading, Shinfield

Postcodes Covered: RG2, RG7

5-Year Average Property Prices in Spencers Wood and Three Mile Cross

4.84%

Property prices in Spencers Wood and Three Mile Cross increased by 4.84% 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 Spencers Wood and Three Mile Cross Over the Last Year

0.93%

Property prices in Spencers Wood and Three Mile Cross increased by 0.93% 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 Spencers Wood and Three Mile Cross - May 2025

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 Spencers Wood and Three Mile Cross

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 Spencers Wood and Three Mile Cross

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 Spencers Wood and Three Mile Cross

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 Spencers Wood and Three Mile Cross since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Spencers Wood and Three Mile Cross area since 1995.

Recent Property Sales in Spencers Wood and Three Mile Cross

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
199 Hyde End Road, Spencers Wood, Reading, Wokingham, RG7 1BU£645,000£632,500-£12,50023 Sep 202420 Feb 2025150 Days
42 Clements Close, Spencers Wood, Reading, Wokingham, RG7 1HJ£350,000£349,000-£1,00023 Oct 202415 Jan 202584 Days
42 Grazeley Road, Three Mile Cross, Reading, Wokingham, RG7 1BJ£460,000£440,000-£20,00023 Aug 202410 Jan 2025140 Days
1 Montgomery Drive, Spencers Wood, Reading, Wokingham, RG7 1BQ£370,000£370,000£027 Sep 202403 Jan 202598 Days
39 Kingfisher Grove, Three Mile Cross, Reading, Wokingham, RG7 1RA£360,000£360,000£013 Aug 202413 Dec 2024122 Days
58 Clares Green Road, Spencers Wood, Reading, Wokingham, RG7 1DX£475,000£465,000-£10,00023 Feb 202427 Nov 2024278 Days
30 Woodcock Court, Three Mile Cross, Reading, Wokingham, RG7 1BZ£415,000£405,000-£10,00010 Aug 202414 Nov 202496 Days
60 Woodcock Court, Three Mile Cross, Reading, Wokingham, RG7 1BZ£650,000£650,000£014 Jun 202424 Oct 2024132 Days
Bracondale, Basingstoke Road, Spencers Wood, Reading, Wokingham, RG7 1AA£375,000£375,000£008 Feb 202405 Aug 2024179 Days
4 Stanbury Gate, Spencers Wood, Reading, Wokingham, RG7 1SR£270,000£270,000£013 Feb 202427 Jun 2024135 Days
14 Century Drive, Spencers Wood, Reading, Wokingham, RG7 1PE£480,000£448,000-£32,00014 Oct 202307 Jun 2024237 Days
44 Larchside Close, Spencers Wood, Reading, Wokingham, RG7 1DS£425,000£425,000£023 Oct 202303 Apr 2024163 Days
3 The Square, Spencers Wood, Reading, Wokingham, RG7 1BS£550,000£540,000-£10,00022 Nov 202328 Mar 2024127 Days
27 The Square, Spencers Wood, Reading, Wokingham, RG7 1BS£400,000£380,000-£20,00016 Nov 202315 Mar 2024120 Days
Avalon, Basingstoke Road, Three Mile Cross, Reading, Wokingham, RG7 1AR£400,000£400,000£012 Jan 202415 Mar 202463 Days
2 Greenend Close, Spencers Wood, Reading, Wokingham, RG7 1EH£675,000£675,000£020 Oct 202301 Mar 2024133 Days
9 Beech Hill Road, Spencers Wood, Reading, Wokingham, RG7 1HL£650,000£620,000-£30,00014 Apr 202307 Feb 2024299 Days
21 Wallace Grove, Three Mile Cross, Reading, Wokingham, RG7 1EZ£450,000£445,000-£5,00001 Aug 202322 Jan 2024174 Days
6 Elizabeth Rout Close, Spencers Wood, Reading, Wokingham, RG7 1DQ£465,000£460,000-£5,00030 Jun 202304 Jan 2024188 Days
30 Grazeley Road, Three Mile Cross, Reading, Wokingham, RG7 1BJ£735,000£735,000£020 Mar 202304 Jan 2024290 Days

Most Expensive Streets in Spencers Wood and Three Mile Cross

PostcodeStreetAreaAverageNo. of Sales
RG7 1BYSussex LaneReading£823,6663
RG7 1APBasingstoke RoadReading£750,2005
RG7 1DPGrovelands RoadReading£707,66210
RG7 1DUClares Green RoadReading£703,3333
RG7 1HLBeech Hill RoadReading£702,3336
RG7 1DGHyde End RoadReading£680,8333
RG2 9EXCroft RoadReading£676,0005
RG7 1QBHill ViewReading£665,0004
RG7 1YPJardine MeadowsReading£635,5836
RG7 1ZFCook GroveReading£613,6875

Least Expensive Streets in Spencers Wood and Three Mile Cross

PostcodeStreetAreaAverageNo. of Sales
RG7 1PBGreat Lea TerraceMereoak Lane£186,7374
RG7 1FRMarlborough HouseBasingstoke Road£221,60015
RG7 1GEMays CourtCoronation Drive£254,6417
RG7 1FWElm CourtCoronation Drive£255,7399
RG7 1FPFullbrook AvenueReading£255,7504
RG7 1XFFullbrook AvenueReading£257,5003
RG7 1TFSheraton HouseBasingstoke Road£258,2504
RG7 1XBFullbrook AvenueSpencers Wood£268,53624
RG7 1FEFullbrook AvenueReading£283,75926
RG7 1DTBlackwater CloseReading£285,7374

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