£290,000
Flats sold in South Lake
Half of similar homes sold within the box; most sold within the wider line.
An indicative model estimate, not a survey or formal valuation.
Area360's automated valuation uses available property details, recorded sales and local market data to estimate a sale price. This automated estimate is a guide, not a survey, mortgage valuation or formal valuation. See the valuation methodology and limitations.
Estimate calculated .
| Date | Price | Change |
|---|---|---|
| 24 Jun 2026 | £281,000 | +369% |
| 27 Mar 1997 | £59,950 | - |
Based on 100 recent sales, the median property price is £419,000 (about £433 per square foot) in South Lake area, with individual transactions ranging from £130,000 up to £1,150,000.
| Type | Sales | Median | £/sq ft |
|---|---|---|---|
| Detached | 15 | £585,000 | £431 |
| Semi-Detached | 42 | £450,000 | £488 |
| Terraced | 21 | £385,000 | £440 |
| Flats | 22 | £237,200 | £364 |
Sale price
| Year | Detached | Flats | Semi-Detached | Terraced |
|---|---|---|---|---|
| 2016 | £612,500 | £274,750 | £390,000 | £407,500 |
| 2017 | £576,500 | £244,000 | £420,000 | £424,950 |
| 2018 | £575,000 | £261,000 | £375,000 | £360,000 |
| 2019 | £470,000 | £205,000 | £368,000 | £332,500 |
| 2020 | £452,000 | £215,000 | £375,000 | £350,000 |
| 2021 | £550,000 | £210,000 | £385,000 | £358,500 |
| 2022 | £602,500 | £217,000 | £431,000 | £431,000 |
| 2023 | £616,000 | £207,250 | £425,000 | £398,250 |
| 2024 | £545,000 | £243,750 | £447,500 | £381,250 |
| 2025 | £575,000 | £235,000 | £445,000 | £425,000 |
| 2026 | £600,000 | £237,200 | £465,000 | £375,000 |
Price per sq ft
| Year | Detached | Flats | Semi-Detached | Terraced |
|---|---|---|---|---|
| 2016 | £339 | £370 | £403 | £376 |
| 2017 | £350 | £354 | £384 | £380 |
| 2018 | £374 | £374 | £406 | £374 |
| 2019 | £387 | £287 | £405 | £345 |
| 2020 | £419 | £297 | £378 | £364 |
| 2021 | £424 | £319 | £412 | £394 |
| 2022 | £445 | £296 | £481 | £453 |
| 2023 | £485 | £334 | £446 | £428 |
| 2024 | £434 | £369 | £433 | £422 |
| 2025 | £442 | £349 | £454 | £435 |
| 2026 | £453 | £346 | £495 | £431 |
There were 50+ recent sold properties in the last 18 months near RG5 3LW.
| Date | Address | Type | Tenure | Price | Map |
|---|---|---|---|---|---|
| 24 Jun 2026 | 29, Larch Drive, Reading, RG5 3LW | Flats | Leasehold | £281,000 | |
| 09 Jun 2025 | Waterside Pub & Kitchen, Fairwater Drive, Reading, RG5 3EZ | Other | Leasehold | £415,224 | |
| 30 Jan 2026 | 102, Nightingale Road, Reading, RG5 3LY | Semi-Detached | Freehold | £540,000 | |
| 16 Oct 2025 | 43, Highgate Road, Reading, RG5 3ND | Semi-Detached | Freehold | £450,000 | |
| 22 May 2025 | 17, Highgate Road, Reading, RG5 3ND | Semi-Detached | Freehold | £500,000 |
| Address | Tenure | Floor area | Last sale |
|---|---|---|---|
| 2, Larch Drive, Woodley, Reading | Leasehold | 64 m² | £132,000 (2003) |
| 3 Larch Drive, Woodley, Reading | Leasehold | 61 m² | £245,000 (2024) |
| 4, Larch Drive, Woodley, Reading | Leasehold | 64 m² | £245,000 (2023) |
| 5, Larch Drive, Woodley, Reading | Leasehold | 67 m² | £214,950 (2014) |
| 6 Larch Drive, Woodley, Reading | Leasehold | 69 m² | £134,950 (2003) |
| 7, Larch Drive, Woodley, Reading | Leasehold | 67 m² | £289,950 (2024) |
| 9, Larch Drive, Woodley, Reading | Leasehold | 63 m² | £249,950 (2016) |
| 10 Larch Drive, Woodley, Reading | Leasehold | 66 m² | £246,000 (2025) |
| 12 Larch Drive, Woodley, Reading | Leasehold | 64 m² | £185,000 (2008) |
| 13, Larch Drive, Woodley, Reading | Leasehold | 65 m² | £200,000 (2016) |
Postcode RG5 3LW is located in an urban city, within the South Lake area of Wokingham in the South East region, and forms part of the Southlake area. It has very low deprivation and very low crime levels, with around 28.9 crimes per 1,000 residents per year, about 66% below the South East average of 84 per 1,000. The average income per household in Southlake is £67,873 per year. The median sale price in South Lake is £419,000 (around £433 per square foot), with typical sale prices between £305,000 and £487,750. The nearest station is Earley, about 0.5 miles away. There are 8 primary and 2 secondary schools in the area. There are 4 parks nearby, the closest large park is South Lake Park.
Southlake has a very low level of deprivation, ranked at position 30,512 out of 32,844 areas in England, placing it within the bottom 7% least deprived areas in England.
Southlake has a very low crime rate, with approximately 28.9 reported incidents per 1,000 population each year.
Approximately 2.8% of homes on this street are social housing provided by a local council or housing association. Across the surrounding area, around 2.5% of dwellings are socially rented.
The average income per household in Southlake is £67,873 per year.
Low noise level (55.0-59.9 dB) from road, approximately 29 ft away from RG5 3LW.
Southlake near RG5 3LW has no flood risk (less than 0.1% chance of a flood each year) from rivers and sea.
The nearest station is Earley located about 0.5 miles away. There are 2 stations nearby.
| Distance | Name | Lines | Directions |
|---|---|---|---|
| 0.5 mi | Earley | N/A | Walking directions to Earley |
| 0.9 mi | Winnersh Triangle | N/A | Walking directions to Winnersh Triangle |
| Distance | Name | Size | Directions |
|---|---|---|---|
| 0.2 mi | South Lake Park | Large | Walking directions to South Lake Park |
| 0.3 mi | Malone Park | Small | Walking directions to Malone Park |
| 0.3 mi | Malone Park | Small | Walking directions to Malone Park |
In the RG5 3LW postcode area, located within Southlake, there are 8 primary and 2 secondary schools in close proximity.
Ratings include official Ofsted judgements and Area360 summaries of inspection grades. Open a school’s inspection details to see the full breakdown.
| Distance | Phase | Name | Type | Rating | Links |
|---|---|---|---|---|---|
| 0.2 mi | Primary | South Lake Primary School | Academy converter | Area360 rating. Inspected 20 May 2025. | |
South Lake Primary School ratingOfsted four-point inspection gradesInspected 20 May 2025
| |||||
| 0.5 mi | Primary | Rivermead Primary School | Academy converter | Area360 rating. Inspected 10 Mar 2026. | |
Rivermead Primary School ratingOfsted report cardInspected 10 Mar 2026
| |||||
| 0.6 mi | Primary | Highwood Primary School | Academy converter | Ofsted rating. Inspected 1 Dec 2021. | |
Highwood Primary School ratingOfsted four-point inspection gradesInspected 1 Dec 2021
| |||||
4 nearby supermarkets & convenience stores within 0.5 mi of RG5 3LW
| Distance | Name | Address | Directions |
|---|---|---|---|
| 0.3 mi | Rodira News Stores | Coppice Road, Wokingham, RG5 3RB | Walking directions to Rodira News Stores |
| 0.3 mi | Southlake Parade Convenience Store | Kingfisher Drive, Wokingham, RG5 3SJ | Walking directions to Southlake Parade Convenience Store |
| 0.4 mi | Co-op Food | 570 Wokingham Road, Reading, RG6 7JB | Walking directions to Co-op Food |
| 0.4 mi | Big Bazaar | 343 Wokingham Road, Earley, Reading, RG6 7EB | Walking directions to Big Bazaar |