Key indicators for buyers
The RG16 market presents a mixed picture for buyers. Prices are rising at 38.0%, which may favour acting sooner rather than later. Affordability has improved from a peak of 10.5x in 2017 to 9.6x today. Rising rents (£1,269/mo, +2.3%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in RG16 sold for £248,450 in 2011, with a median of £248,450 across 2 transactions. Prices rose 38.0% compared to the previous year.
2011averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider West Berkshire area
A home in West Berkshire costs 9.6x the local median salary — stretched, improving from a peak of 10.5x in 2017.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider West Berkshire area
Average monthly rent in West Berkshire is £1,269, up 2.3% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average West Berkshire price of £248,450 with a 25% deposit (£62k), a 2-year fixed mortgage at 3.97% costs around £980 per month.
Monthly cost comparison based on current data
Uses RG16 avg. price with West Berkshire rental data
Monthly mortgage payments (£980) are £289 less than renting (£1,269). However, buying requires an upfront deposit of £62k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
11, ERMIN STREET, STOCKCROSS RG16 8LG | Semi-detached | £299,950 | 1 Aug 2011 |
CARIEVALE, CHEAP STREET, COMPTON RG16 0NW | Detached | £196,950 | 9 Jun 2011 |
CARIEVALE, CHEAP STREET, COMPTON RG16 0NW | Detached | £180,000 | 12 Dec 2006 |
POST DOWN BUILDINGS, SEVEN BARROWS, LAMBOURN RG16 7UH | Detached | £149,999 | 28 Jan 2005 |
11, ERMIN STREET, STOCKCROSS RG16 8LG | Semi-detached | £228,000 | 13 Sept 2001 |
CARIEVALE, CHEAP STREET, COMPTON RG16 0NW | Detached | £70,000 | 29 Oct 1999 |
CARIEVALE, CHEAP STREET, COMPTON RG16 0NW |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
| Detached |
| £68,500 |
| 31 Mar 1995 |
The most recent recorded sale in RG16 was a semi-detached property on Ermin Street for £299,950 in August 2011. Across the last 7 sales, the median price was £180,000.