# House prices in RG2 9 (Shinfield)

This article reveals price per square metre data and various charts to help you understand current housing market in 'RG2 9' (Shinfield, Reading) - statistics were last calculated on 31 July 2024.

## Defining 'RG2 9'

This analysis is limited to properties whose postcode starts with "RG2 9", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Shinfield.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Shinfield is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 60, Church Lane, Shinfield, Reading, sold for £385,050 on May-2024. Given the internal area of 70 square metres, the price per sqm is £5,500.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,800-£5,000, £5,000-£5,200, £5,200-£5,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 248 sales in Shinfield (RG2 9) that took place in the last two years.

##### Distribution of £ per sqm for Shinfield, Reading
Distribution of £ per sqm house prices in Shinfield

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Shinfield (RG2 9). Of the 248 transactions, half were sold for between £3,990 and £5,060 per square metre. The median, or 'middle', price per square metre in 'RG2 9' is £4,530. Notably, only 25% of properties that sold recently were valued at more than £5,060 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Shinfield, Reading

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Reading. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Shinfield, Reading

## Comparison with neighbouring postcode sectors

The table below shows how 'RG2 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
RG2 7 Reading £3,720 sqm £4,310 sqm £4,830 sqm
RG2 0 Reading £3,690 sqm £4,110 sqm £4,630 sqm
RG2 8 Reading £3,670 sqm £4,230 sqm £4,750 sqm
RG2 9 Shinfield £3,990 sqm £4,530 sqm £5,060 sqm
RG2 6 Reading £4,490 sqm £4,810 sqm £5,050 sqm

## Will Reading house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for RG2 9 (Shinfield) compared with both the wider area RG2 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Shinfield,Reading
House price trends for Shinfield

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent RG2 9 sales
Recent trends for Shinfield

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Reading to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Reading and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Skylark Way, Shinfield, RG2 9A 95 sqm £3,985 24
Archer Grove, Shinfield, RG2 9T 147 sqm £3,674 20
Poperinghe Way, Shinfield, RG2 9L 78 sqm £3,802 18
Oatlands Road, Shinfield, RG2 9D 129 sqm £4,716 17
Hill Road, Shinfield, RG2 9L 83 sqm £3,986 15
Valon Road, Shinfield, RG2 9Q 87 sqm £3,860 15
Piggott Road, Shinfield, RG2 9R 107 sqm £4,542 14
Deardon Way, Shinfield, RG2 9H 111 sqm £4,161 13

## New build activity

Street Avg size Avg £sqm New build sales
Garrett Drive, Shinfield, RG2 9L 110 sqm £4,234 50
Bolton Drive, Shinfield, RG2 9R 94 sqm £4,568 31
Equestrian Court, Shinfield, RG2 9Z 105 sqm £4,733 34
Allen Way, Shinfield, RG2 9R 125 sqm £4,463 33

Garrett Drive, Shinfield, RG2 9L has seen 50 new build sales in the last 4 years (average price £471,836). These new build homes typically have an internal area of 110 sqm, with an average price of £4,234 sqm. This £sqm average is £-296 below the average for RG2 9. New builds typically command a £ per sqm premium. In the case of Garrett Drive the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## Raw data

Our analysis of Shinfield is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.