Reading's Urban Prices Continue to Rise
24/01/2020
111
3 min read
Reading's urban prices continue to rise and over the last year the city has seen a higher increase in average home prices compared to Berkshire - its county - in general, some 5% versus 3%, and England Wales (2.8%). It's one of the areas where infrastructural investment, particularly in communications, continues to attract movers and drive up prices.
Reading is a popular commuter town as it is on a direct line to London Paddington. The railway station is a prominent communications hub and provides regular services to Gatwick Airport. The M4 runs to the south of Reading which gives easy access into London going east and Bristol going west.
The Elizabeth Line is scheduled to open in the near future and Reading is its western terminus and this will also mean Reading's urban prices continue to rise. Journey times into and across London are said to decrease considerably. The £500 million development Station Hill is one of Reading's prominent infrastructural investments and is set to deliver modern retail and housing, as well as five high rise buildings and the tallest will be 118 meters.
Reading Property Prices 2018
| Semi-detached: | £394,432 |
| Terrace: | £321,901 |
| Flats: | £244,609 |
| Average: | £364,420 |
| Cf. 2017 | +5% |
Rightmove 2018
The following article (continues below) looks at recent news regarding Reading's property scene. Click here to find out more about buying a home in Reading and why Reading's urban prices continue to rise.
Reading Property Overview
Reading is a minster town due to the Reading Minster, also known as the Church of St. Mary the Virgin, which dates back to the 12th century. Reading grew considerably alongside the arrival of the railway in 1840 which resulted in a higher demand for houses. There are still many Victorian and Edwardian houses standing today, including Victorian terrace houses on Brisbane Road and Edwardian detached houses on Woodcote Road.
There are council estates in Reading such as Red Cottage Drive and Garston Cresent with other council properties dotted around the town.
New developments include St Laurence’s Hall which provides modern apartments and Green Park Village provides three to five bedroom houses inspired by New England properties.
Click to find out RICS Surveyor tips for Reading and how to book a home buyers survey for properties in and around the location
Off-Plan
Station Hill will provide contemporary living in Reading. Ashwood Park will provide a collection of 1 or 2 bedroom apartments and 3 or 4 bedroom family houses in the suburbs of Reading.
Help to Buy and Shared Ownership
New build developments where Help to Buy is available include those on Berkeley Avenue and Kings Road.
Shared ownership properties can be found in Imperial Way and Cheapside.
Rental Scene
Average rental prices in Guildford in June 2018 were £279 per week and the rental price range varies from £178 - £531 per week.
Reading Postcodes
Postcodes in the urban areas of Reading run from RG1 to RG8.
Most expensive Reading Street
Market Place in Reading claims the crown; the average sold property price is £2,219,781 (June 2018).
Up and coming local areas
Reading's Council Tax Band D Charge 2018
£1,826.63
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