Reading Lettings Update

The local housing market in Reading

Our market update in April

The first part of 2021 has shown that even with all the restrictions in place, there is plenty of demand from people that still need to rent within the area. Fortunately, Reading and its surrounding areas continues to be in high demand for a variety of different applicants, from single or professional couples to families.

I would say our biggest challenge has been demand over supply. We have had over 1300 applicants register their details in need of our help to find them their next rental property. This is a 20% increase from the same period in 2020. We took 11% less properties onto the market this year but fortunately still managed to let 142 properties which is a 5% increase on last year’s numbers.

We found that a lot of tenants decided to move on from their rental accommodation throughout 2020. This meant that the number of rental properties that became available increased. We are now seeing a complete contrast and a large number of tenants are wanting to remain within their rental accommodation, meaning we are getting less properties becoming available to meet the demand.

Due to the high demand we have seen from tenants in the first three months of the year, we desperately require more rental properties to meet the demand. I would say if anyone is considering moving or perhaps looking to invest within an area, then Reading would be the ideal spot to have a rental property.

OUR RECENTLY LET PROPERTIES

Venning Road, Arborfield, Reading, Berkshire, RG2

Venning Road, Reading - £1,200 PCM

Marefield, Reading - £725 PCM

Belmont Road, Reading - £950 PCM

Southern Hill, Reading - £1,100 PCM

LETTINGS VALUATION

Get a Free Lettings Valuation by filling in the form below

Do you want to know how much your house or apartment is worth? Whether you are looking at selling or letting your property, Prospect can provide an accurate lettings valuation based on the current property market.

Rest assured that you are in good hands, Prospect has won the Best Estate Agents and Lettings Agents in Berkshire and Surrey for three years running. With dedicated departments in every area or property, we have experts on hand to help you whatever your requirements.

All of our Lettings Valuations are FREE and No Obligation, so even if you are just curious about your property’s value, then no problem. If you decide to place your property on the market to sell or rent, don't forget that we operate ona no sales, no fee basis... so unless we're successful in selling or rentingyour property, then you'll have nothing to pay us... unlike many online agents who charge non-refundable listing fees.

If you would prefer to call to arrange a valuation, you can click here for a list of our local estate agent offices.

The Manager

Jake Harley - Lettings Manager

Jake started Prospect in May 2013 having been in the industry for 4 years. He came to the company as the Lettings Valuer for our Wokingham Branch but has since been promoted several times to become the Lettings Manager in our flagship head office based in Reading. Jake shares Prospects core values of being pro-active and is dedicated to delivering the best possible levels of customer service with honesty, integrity and professionalism all at the forefront of his mind.

GET IN TOUCH

Read our Winter Lettings Update.

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The local area of Reading

Why Reading is a great place to live!

Located in the heart of Berkshire, Reading is a modern and vibrant town, offering the hustle and bustle of a large town and the peace and tranquility of country living, found on the banks of two rivers: the Thames and the Kennet.

Reading town offers two large shopping centres: the Oracle and the Broad Street Mall. These shopping centres provide a place for you to shop until you drop and also enjoy an exciting nightlife, with an abundance of restaurants and a number of acclaimed bars to keep you entertained.

For those looking for a more peaceful approach to life, Reading is home to Forbury Gardens and Reading Abbey. What’s more, the town hosts the Championship football team Reading FC, who play their matches at the Madejski Stadium on the outskirts of Reading. The Madejski Stadium is also the home of Premiership Rugby team, London Irish.

READING AREA GUIDE

Looking for a property in Reading?

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Reading property search

ABOUT PROSPECT

Helping the residents of Berkshire, Hampshire & Surrey move!

Since 1990, Prospect Estate Agency has successfully been helping people buy, sell, let or rent property across the Home Counties. Since first opening our doors, our ethos has always been to surpass customer expectations, be at the forefront of technology and truly celebrate property. We’ve always endeavoured to be the best, not the biggest!

We have always focused on providing our clients high-quality service. This dedication has resulted in hundreds of excellent customer reviews and recommendations as well as numerous industry awards, including the prestigious title of Best Estate Agency in Berkshire & Surrey at the UK Property Awards for the past five years running!

Discover more about what makes us different by exploring this page and our history. If you’d like to find out in person, just give us a call or arrange your free, no obligation valuation by clicking one of the buttons below.

Full Coronavirus Update

Find out what we’re doing and how we can still help you

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Local infrastructure

Key considerations including schools and leisure

Schools
Reading offers a wide range of state schools, many of which hold Ofsted’s ‘Outstanding’ status.

Transport
Reading is a hot spot for commuters due to the selection of business parks locally and excellent road and rail links into Central London, Oxford, Wokingham and Maidenhead. Reading train station offers a direct and frequent link to London Paddington. nd Maidenhead. Reading train station offers a direct and frequent link to London Paddington.

Leisure
If you’re looking for something to do with the kids, Reading has a Vue Cinema and if you fancy getting active, Reading is home to Red Kangaroo Trampoline park. Reading is widely renowned for its night life. If you are looking for a big night out The Purple Turtle, Lola Lo and Revolution will give you a night you won’t forget.

Shopping
If you’re a bit of a shopaholic, Reading is fit with 71,800m2 of shopping glory – The Oracle is one of Reading’s main attractions.