62 Groves Lea, Mortimer, Reading, RG7 3SR is a leasehold flat built between 1983-1990. The property offers approximately 366 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £179,954 , which equates to approximately £492 per square foot. It was last sold on 30 Sep 2021 for £166,000. Since then, the value has increased by £13,954, representing a 8.4% increase, or approximately 2.0% per year.

The current estimated value of £179,954 is:

  • 64.6% lower than the average property price on Groves Lea
  • 43.3% lower than the average in the RG7 3SR postcode area

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 8 February 2022, the property was recorded as owner-occupied.

View sold house prices in RG7 3SR

Building approximate location

About Property

Type
Flat
Built
1983-1990
Interior Size
366 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£179,954
Price Per sq ft (estimate)
£492
Bedroom Count (estimate)
1 bedroom

EPC Summary

62 Groves Lea, Mortimer, Reading, West Berkshire, Berkshire, RG7 3SR has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 8 Feb 2022.

This property uses electric room heaters as its main heating source. A standard tariff electric immersion heater is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 8 Jan 2012, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 5.6%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from average to very poor.
  • The hot water system was changed from electric immersion, off-peak to electric immersion, standard tariff, with its energy efficiency changing from average to very poor.
  • The roof construction or insulation changed from pitched, 150 mm loft insulation to pitched, 200 mm loft insulation, with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 20% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from poor to very good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very Poor
Roof
Pitched, 200 mm loft insulation
Good
Walls
Timber frame, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to RG7 3SR

25 th / 34
Price Rank
43% lower than average
26 th / 27
Size Rank
48% smaller than average
3 rd / 27
Price Per Sq FT Rank
8% higher than average

Compared to other properties in RG7 3SR , this flat's estimated value ranks 25th out of 34. Based on price per square foot, it ranks 3rd out of 27 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 26th out of 27 properties in its postcode area.

Sale History

Today
£179,954
streetscan.co.uk estimate
+8 %
30 Sep 2021
£166,000
Leasehold
+32.8 %
9 Jun 2005
£125,000
Leasehold
+56.3 %
17 Mar 2000
£80,000
Leasehold
+49.5 %
3 Oct 1997
£53,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 355 sq ft
sale price: £179,000
sale date: 10 Nov 2023
rooms: 2
size: 409 sq ft
sale price: £183,000
sale date: 16 Nov 2022
rooms: 2
size: 398 sq ft
sale price: £115,000
sale date: 30 Oct 2013
rooms: 2
size: 410 sq ft
sale price: £120,000
sale date: 7 Jun 2013
rooms: 2
size: 409 sq ft
sale price: £131,000
sale date: 17 Dec 2004

Data Sources

The property at 62 Groves Lea, Mortimer, Reading, RG7 3SR appears four times in the Land Registry records, with the latest transaction recorded on 30 Sep 2021. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 8 Feb 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.