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House Prices in RG2

The average house price in RG2 (Reading) is £365,300 using HM Land Registry data.

The average property price increased by £4,073 (5.3%) over the last 5 years and increased by £814 (0.93%) over the last 12 months.

Over the last year, there were 377 residential property sales – a decrease of 378 transactions (-100.27%) relative to the previous year. The majority of house sales (87) were in the £272,000 - £354,000 range. Then came properties in the £354,000 - £436,000 range, where 83 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 46 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,253 (-3%).

In April 2024, there were 97 new estate agency instructions, 39 agreed home sales and 31 property price reductions.

5-Year Average Property Prices in RG2 (Reading)

5.3%

Property prices in Reading increased by 5.3% 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 RG2 (Reading) Over the Last Year

0.93%

Property prices in Reading 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.

Property Market Heat Gauge for RG2 (Reading) - April 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 RG2 (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 RG2 (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 RG2 (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 RG2 (Reading) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RG2 postcode area since 1995.

Recent Sales in RG2 (Reading)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
40 Hollydale Close, Reading, RG2 8LL	£400,000	£390,000	-£10,000	23 Aug 2023	16 Feb 2024	177 Days
19 Christchurch Road, Reading, RG2 7AA	£350,000	£350,000	£00	20 Oct 2023	05 Feb 2024	108 Days
54 Winton Road, Reading, RG2 8HJ	£385,000	£370,000	-£15,000	13 Sep 2023	26 Jan 2024	135 Days
40 Birdhill Avenue, Reading, RG2 7JT	£375,000	£368,000	-£7,000	24 Jul 2023	15 Jan 2024	175 Days
49 Winton Road, Reading, RG2 8HJ	£375,000	£365,000	-£10,000	27 Sep 2023	19 Dec 2023	83 Days
110 Cirrus Drive, Shinfield, Reading, Wokingham, RG2 9FL	£475,000	£465,000	-£10,000	15 Aug 2023	19 Dec 2023	126 Days
6 Weardale Close, Reading, RG2 7JD	£875,000	£872,000	-£3,000	21 Sep 2023	18 Dec 2023	88 Days
Flat 6, Marlborough House, Northcourt Avenue, Reading, RG2 7BH	£125,000	£120,000	-£5,000	02 Jun 2023	18 Dec 2023	199 Days
12 Buckland Road, Reading, RG2 7SN	£300,000	£290,000	-£10,000	29 Aug 2023	18 Dec 2023	111 Days
Flat 3, Southglade, Whitley Wood Road, Reading, RG2 8JS	£120,000	£113,000	-£7,000	20 Jun 2023	06 Dec 2023	169 Days
6 Havergate Way, Reading, RG2 0GW	£360,000	£348,000	-£12,000	23 Aug 2023	01 Dec 2023	100 Days
22 Bentley Drive, Arborfield, Reading, Wokingham, RG2 9FH	£400,000	£395,000	-£5,000	25 Jul 2023	24 Nov 2023	122 Days
5 Mortimer Close, Reading, RG2 8TT	£325,000	£323,000	-£2,000	18 May 2023	17 Nov 2023	183 Days
22 Rossby, Shinfield, Reading, Wokingham, RG2 9FS	£220,000	£215,000	-£5,000	06 Apr 2023	15 Nov 2023	223 Days
9 Ilbury Close, Shinfield, Reading, Wokingham, RG2 9DE	£525,000	£520,000	-£5,000	28 Apr 2023	15 Nov 2023	201 Days
12 Copenhagen Close, Reading, RG2 8UH	£320,000	£318,000	-£2,000	16 May 2023	10 Nov 2023	178 Days
3 Blandford Road, Reading, RG2 8RA	£350,000	£345,190	-£4,810	01 Sep 2023	10 Nov 2023	70 Days
126 Elgar Road, Reading, RG2 0BN	£375,000	£372,500	-£2,500	15 Jun 2023	03 Nov 2023	141 Days
23 Woodside Way, Reading, Wokingham, RG2 8SY	£400,000	£370,000	-£30,000	15 Aug 2023	02 Nov 2023	79 Days
60 Attwood Drive, Arborfield, Reading, Wokingham, RG2 9FE	£460,000	£460,000	£00	19 Jun 2023	31 Oct 2023	134 Days

Most Expensive Streets in RG2 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG2 9JA	Church Lane, Arborfield	Reading	£1,308,333	6
RG2 9JB	Church Lane, Arborfield	Reading	£1,083,333	3
RG2 9JJ	Carters Hill, Arborfield	Reading	£1,031,500	5
RG2 7DA	Shinfield Road	Reading	£1,020,300	5
RG2 9HQ	Holder Close, Shinfield	Reading	£818,333	3
RG2 9DP	The Manor, Shinfield	Reading	£815,000	5
RG2 9EZ	Grenadier Close, Shinfield	Reading	£806,250	8
RG2 7HD	Northcourt Avenue	Reading	£790,750	4
RG2 9EY	Croft Road, Shinfield	Reading	£773,331	3
RG2 9BX	Brookers Hill, Shinfield	Reading	£770,000	5

Least Expensive Streets in RG2 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG2 8JX	Pevensey Court, Newstead Rise	Reading	£102,500	4
RG2 8AQ	Engineers Court, Whitley Wood Lane	Reading	£104,550	5
RG2 8JS	Southglade, Whitley Wood Road	Reading	£108,611	9
RG2 9YZ	Lance Way, Arborfield Green	Reading	£114,666	3
RG2 7BH	Marlborough House, Northcourt Avenue	Reading	£125,500	10
RG2 8RQ	Rossington Place	Reading	£141,425	4
RG2 0GZ	Thorney House, Drake Way	Reading	£152,044	17
RG2 0GQ	Lundy House, Drake Way	Reading	£157,375	8
RG2 0PQ	Linnet House, Bedwyn Mews	Reading	£161,666	3
RG2 0AT	Lynden Mews, Dale Road	Reading	£165,863	11