2 Lancaster Close

    2, LANCASTER CLOSE, READING, RG1 5HB

    This detached freehold property on Lancaster Close last sold in October 2024 for £710,000. Based on price growth in the RG1 district since then, its estimated current value is £698,544 — placing it in the 90th percentile nationally and the 96th percentile within RG1. The property covers 131 m² (1,410 sq ft), giving an estimated value of £5,332 per m². The EPC rating is C, with a potential rating of B.

    See wider trends for Lancaster Close

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,410 sq ft

    131 m²

    Last Sale Price

    £710,000

    Oct 2024

    Estimated Valuation

    £698,544

    Est. £/sq ft

    £495/sq ft

    £5,332/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,410 sq ft (131 m²)
    EPC dateAug 2019
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    4 Oct 2024

    £710,000

    Key Metrics

    Estimated valuation£698,544
    Value per sq ft / m²£495/sq ft (£5,332/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RG1 district percentile96th percentile
    National percentile90th percentile

    District Context — RG1

    See wider trends for RG1

    RG1 covers central Reading, including the town centre and surrounding residential areas in Berkshire. It is a diverse, urban neighbourhood with strong rental activity and a younger demographic profile.

    Average Property Price - RG1

    £303,874

    45

    National percentile

    12 month avg at 31 Jul 2026

    Average Net Household Income - RG1

    £22,316

    2

    National percentile

    2023 census data

    10-Year Annualised Price Growth - RG1

    1.2%

    9

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - RG

    3.4%

    12

    National percentile

    Estimate at 31 Jul 2026

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