38 Melrose Gardens, Arborfield Cross, Reading, RG2 9PZ

UPRN:14006014Detached House3 bedsBuilt 1950-1966

FreeholdCouncil Tax: Band DEPC: F (29)

Data freshness:Price Paid· freshPlanning· 4mo agoEPC· 6mo agoRisk· 5mo agoConnectivity· 1mo agoSchools· 1mo agoAmenities· 1mo agoArea· Census 2021

38 Melrose Gardens, Arborfield Cross, Reading, RG2 9PZ

HP Score

/ 100

Mixed

Verdict

4 days ago

Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Mixed signals - investigate

Evidence

18 of 21 sources

Sale Estimate

£575,000

£546k - £604kHigh

Estimate

£575k

Range

£546k – £604k

Rent Estimate (pcm)

£2,300

£2k - £3k

Monthly

£2,300

Yield

5.69%

Verdict

Derived from HomePortfolio scores

38 Melrose Gardens earns an INVESTIGATE rating with HP Score 66/100. Investment score 49/100 reflects below-average fundamentals. Crime intensity is low. Walkability is limited (52/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Tenure is freehold. Every figure here comes from the live HomePortfolio API; anything it does not publish is left out.

Key SourcesEPC RegisterPortal listingsOfcom Connected NationsOfcom mobile coverageMarket estimates (third-party AVM)Defra strategic noise mapping, England Round 4 (Contains Defra data © Crown copyright and database right 2023-2024, Open Government Licence v3.0)Walk ScoreONS Census 2021Police.ukHM Land Registry company ownershipHM Land Registry covenantsHM Land Registry Price PaidPlanIt / council planning portalsOverture Maps PlacesOfsted / DfE GIAS

HP Score

66/ 100

Mixed

Investment Score

49/ 100

Mixed

Crime Score

31/ 100

Moderate

Walkability

52/ 100

Moderate

Transit & Bike

Transit 8Bike 42

Walk Score, out of 100

Opportunity

Not scored as an opportunity

We will not put a number on this one.

listing is 'Sold subject to contract' - sale already progressing, not an actionable opportunity

Withholding a score is deliberate. A number built on missing or stale inputs would look more certain than the evidence allows.

Economics

What happens to your money

Your assumptions

Purchase price£485,000

At the asking price

Monthly rent£2,300/mo

Evidenced range £2,050-£2,500

Interest rate5.4%

Loan to value75%

Cash required: £161,050
Net cash flow: -£45/mo
Cash on cash: -0.3%
Score at this price: -

After a 8% void allowance, 15% management and 10% maintenance. Lender coverage (rent ÷ interest): 1.41 - clears the usual 1.25 test. These are your assumptions, not evidence: only the pre-filled rent and price come from the record.

Risks

What could kill this deal

Score confidence is low
largely a single source - treat the number as a prompt, not a conclusion

Property risk deep-dive →flood, subsidence, crime, environment - the full domain

Plan

Before you offer

1. Commission a full structural survey, not a basic condition report.
The score prices market evidence, not the fabric of the building.

Every step above was generated from a specific gap or flag in the evidence - no generic advice, no invented tasks.

Valuation & Market

Sale Estimate£575,000

Rent Estimate (pcm)£2,300

Gross Yield5.69%

1y Growth-

3y Growth-2.5%

5y Growth+0.5%

10y Growth+2.7%

Last Sold Price-

View Market Details

Risk Overview

Flood RiskUnknown
SubsidenceModerate
RadonLow
MiningUnknown
LandslideLow
Air QualityLow
NoiseLow

View Full Risk Report

Planning Activity

Recent Apps

0RG2 9PZ

Approval Rate

-12mo

Development

low

262403
Full application for the proposed change of use of the existing building from Class E(g)(ii) to a mixed use comprising a commercial brewery (Class B2) and taproom (Sui Generis), together with the use of associated external land as an outdoor seating area and the erection of a pergola with associated external lighting (part retrospective).
Pending
262130
Full application for the change of use of the land, to a residential caravan site consisting of 3 pitches, each comprising 1 Static caravan, 1 touring caravan, 2 vehicle parking spaces, bike and refuse storage, amenity area, boundary fencing and associated infrastructure.
Pending
262110
Application to vary condition 4 of planning consent 232075 for the proposed raising of the roof to create first floor habitable accommodation along with balcony to the rear elevation. Single storey rear extension. Erection of an entrance gate with fencing and brick piers and railings to the highway frontage. Condition 4 refers to obscure glazing and the variation is to modify the height of the windowsâ opening section and install restrictors. (Part retrospective)
Approved

View Planning Timeline

Ownership

Corporate Ownership54.8%
Overseas OwnershipNo
Lease Term Remaining-
CovenantsRestrictive
Lease TypeFreehold
Last Ownership Change-
SourceLand Registry

View Ownership Details

Connectivity

Broadband (Standard)

18 Mbps

Mobile 4G/5G Coverage

EEThreeO2Vodafone

EV Charger

PTAL Rating

View Connectivity Map

Area Profile

Median EarningsLocal authority£43,538

Population Density-

Owner Occupied73%

Age Distribution

0-15 21%16-64 61%65+ 18%

View Area Profile

Schools Nearby

The Coombes Church of England Primary School
0.2 mi
Requires improvement
Bohunt School Wokingham
1.3 mi
-
Shinfield St Mary's CofE Junior School
1.6 mi
Inspected as Shinfield St Mary's CofE Junior School (URN 109976) on 21 Jun 2023
Farley Hill Primary School
1.6 mi
-

3 of 11 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.

View All Schools

Comparables

View All

32 Melrose Gardens
-
£405k
-
20 Melrose Gardens
-
£440k
-
16 Melrose Gardens
-
£450k
-
14 Melrose Gardens
-
£410k
-

Boundary data not available for this property

No registered title polygon, building footprint, or street match for this property yet.

Why: No HMLR INSPIRE / OSM footprint / OS Open USRN match for this UPRN

Source: HM Land Registry INSPIRE / OpenStreetMap / OS Open USRN