Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ

Detached
5
1841 sq ft
5.8%
PROPERTY VALUATION
£
Last sold: November 2021
INVESTMENT PERFORMANCE
Investment return: N/A
PRICE CHANGE
£40,000
Percentage change: +5.8%
REFINE VALUATION

Property summary Last updated: 03/05/2024

Last updated: 03/05/2024

Wellington Cottage, The Hatch is a 5 bedroom detached house spread over 1,841 square feet, making it one of the bigger properties here - it is ranked as the 4th most expensive property* in RG30 3TJ, with a valuation of £725,000.

Since it last sold in November 2021 for £685,000, its value has increased by £40,000.

House floorplan
Detached houses across RG30 3 have been selling for £425 per square foot.

We expect this property to be in poor condition (or is significantly less desirable for some other reason) based on its price per square foot; it is currently valued at £393 per square foot.

  • This property is the most recently recorded sale in RG30 3TJ.
  • The average current property value here is £751,000.
  • Only one property has sold in RG30 3TJ over the last 5 years.
  • 5 detached houses have sold at an average price of £503,000 in RG30 3 over the last 12 months.
Recent sales
Searching for recent sales near here

Expected property condition

At a sale price of £725k, we expect this property to be in a significantly worse condition than the neighbouring properties in the road.

As it has a lower cost per square foot than other properties in the road, we think it is more likely to be in a worse condition than the other properties here.

However, a lower CPSF can also be caused by a low quality extension (or conservatory), a smaller garden, a lack of parking or if the property was previously sold through a partial ownership scheme etc.

The Property Is In Good Condition

At a valuation of £725k this property has a cost per square foot of £393 - this is substantially less than the average for the area (which is currently £491).

If we valued this property using the average cost per square foot (CPSF):

  • Using the average CPSF for properties just in the postcode - it would be worth £803k.
  • Using the average CPSF for the whole road - it would be worth £904k.

The local market - The Hatch, RG30 3TJ

  • The average property value here is £751,000.
    • Valuations range from £613,000 to £889,000.
  • Reading Road has 2 postcodes associated with it.
    • The average price of property in Reading Road is £1,333,095.
    • Property in Reading Road typically sells for between £417 and £565 per square foot.
    • Properties in Reading Road are currently valued at an average cost per square foot of £491.
5.8%
This property has increased in price by 5.8% since it last sold 2 years ago.
3%
This property is 3% less expensive than average in The Hatch, RG30 3TJ.

Sale history

The most paid for a property in The Hatch, RG30 3TJ was £770,000 in 2017.

Date Price Change
Today's value* £725,000 5.8%
30 Nov 2021 £685,000 -
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ

Valuation details

Wellington Cottage, The Hatch, Burghfield has increased in price by £40,000 since it last sold in 2021 - this equates to a 2.3% rise each year.

At its last energy performance certificate inspection, it got an above average rating for this postcode with a score of 56 out of 100.

On a cost per square foot basis, this property is valued at 10% less than the other houses in this postcode.

Essential info

  • 5 bedroom freehold detached house
  • 1,841 square feet
  • 9% bigger than the average property in this postcode
  • 3% less expensive than the average here

This property is currently valued at £393 per square foot - the average cost per square foot for this postcode is £436.

A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (for more information see our valuation review) of this property.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £834,000.

Essential buying details

  • Built between 1900 and 1929, the property has sold once over the last 29 years.

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £700k and £750k.

  • This property only has one recorded sale so it doesn't have a historic investment return or rating yet.

PropertyValuation
Merryfield, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ Merryfield, The Hatch
4 bed
£613,000
Wellington Cottage, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ Wellington Cottage, The Hatch
5 bed | 1841 sq. ft.
£725,000
Burneside, The Hatch
4 bed | 1104 sq. ft.
£730,000
Threeways, The Hatch
1518 sq.ft.
£797,000
Sunrise, The Hatch, Burghfield, Reading, West Berkshire, RG30 3TJ Sunrise, The Hatch
5 bed | 2271 sq. ft.
£889,000
OFFERS EXPECTED TO BE IN THE REGION OF:
£700k - £750k

Most likely sale price: £725k

Tell us about the condition of the property to get a more accurate valuation.

Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.

The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.

In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.

If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.

A number of things can make a property more desirable and sell for more money per square foot than others in the area.

Some of the things that can cause a property to be worth more per square foot include:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* Excluding properties that we've been unable to calculate a valuation for.

** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.