RG7 (Burghfield Common) area guide

RG7
Burghfield Common
The RG7 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Aldermaston, Beech Hill, Beenham, Bradfield, Brimpton, Brimpton Common, Bucklebury, Burghfield, Burghfield Common, Calleva, Chapel Row, Englefield, Eversley, Farley Hill, Finchampstead South, Goddards Green, Grazeley, Grazeley Green, Hampshire, Hook, Kingsclere, Lower Padworth, Midgham, Mortimer, Mortimer Common, Mortimer West End, Padworth, Padworth Common, Reading, Riseley, Ryeish Green, Shinfield, Shinfield South, Silchester, Southend, Spencers Wood, Stanford Dingley, Stratfield Saye, Sulhamstead, Sulhamstead Abbots, Swallowfield, Tadley North, Thatcham South and Crookham, Theale, Three Mile Cross, Tutts Clump, Ufton Nervet, Upper Bucklebury, Upper Woolhampton, Wokefield Green, Woolhampton.
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Notes:

A Mouseprice property guide for RG7 Burghfield Common is coming soon. In the meantime, please have a look at the raw data and statistics about RG7 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Reading propertyThe size of the property market in RG7 is 12000 homes.

Reading propertyThe postcode district RG7 has been experiencing annual growth of 11.9% over the last 5 years excluding the effect of inflation. This growth rate tends to indicatea dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Reading propertyAverage property prices in this postcode district over the last three months have been approximately £298109.

Reading propertyPrice earnings ratio is an indicator of the affordability of property for someone on the average salary in the area. Price Earnings Ratio in this postcode district is 10.5. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.

Reading propertyNew transactions as a percentage of overall sales are 6.2%.

Housing stock:

Burghfield Common propertyThe most readily available type of property in the area are Detached Houses, making up 45.1% of the total.

Burghfield Common propertyFor those buyers keen to purchase Flats, this would not be an ideal area, because only 9.2% are this type.

Burghfield Common propertyThis is an area with a high proportion of property suitable for families with children.

Burghfield Common propertyThere is a high proportion of temporary housing in this area at 3.1%.

Burghfield Common propertySocially rented accommodation represents 11.9% of the total rented accommodation in the area.

Burghfield Common propertyThe majority of property in this area is owner occupied.

Burghfield Common propertyThe average price of a two bed property in this area is higher than the national average of £187894 at £280527.

Who lives here:

Burghfield Common propertyTotal population in this area is 29984.
Burghfield Common propertyThe average age in this area is 39.
Burghfield Common propertyThis area has a high percentage of married people at 25.3%.
Burghfield Common propertyAverage working hours in this area for men are 44 and for women are 32.
Burghfield Common propertyThis area has 1.5 people per square kilometre.
Burghfield Common propertyJob prospects in this area are good with low unemployment (1.7%). Most jobs are found in the Real Estate and Wholesale & Retail sectors.