Drake Way, Reading house prices

Drake Way, Reading house prices are built from 405 sales lodged with HM Land Registry, the oldest in 2006 and the most recent on 12 Jun 2026. The median price paid across the whole record is £213,000. Across the 10 years from 2016 to 2026 the median moved +15.2% in cash — but once inflation is taken out, the change in 2026 money is -17.5%.

HM Land Registry405 sales133 with floor areaLatest sale 12 Jun 2026

The chart tracks the median Drake Way, Reading house price for every year with a recorded sale, from 2006 to 2026. The dashed line restates each year in 2026 money, so the two lines separate exactly as much as inflation has eroded the cash figure.

The highest yearly median on record for Drake Way, Reading is £261,250 in 2026; the lowest is £142,500 in 2007. Across the full 21-year record the cash median has moved from £167,500 to £261,250.

In 2026 money that first median is worth £298,201, so the real change over the whole record is -12.4% — about -0.66% a year after inflation. Cash growth and real growth are not the same story, and the gap is the part most price reports leave out.

Over the last decade alone the difference is stark: +15.2% in cash against -17.5% once inflation is removed. A buyer who sold at the end of that decade would have needed the real figure, not the headline one, to know whether they had actually gained.

Every row is a completed sale as lodged with HM Land Registry. The right-hand column restates the price in 2026 money, which is the only fair way to compare a sale from the 1990s with one from last year.

These addresses appear in the register more than once, so the same bricks are being priced twice. That makes them the strongest evidence of what actually happened to Drake Way, Reading values — no mix of property types can flatter the number.

The mix of property types explains a large part of any area's median. Drake Way, Reading is dominated by the type at the top of this table, so its overall median leans that way.

383 of the sales on record are leasehold and 22 freehold — 94.6% of the market. Tenure is not a detail: a leasehold flat and a freehold house are different assets, and mixing them into one median hides the difference.

The median leasehold sale is £210,000 and the median freehold sale £285,750 — a gap of +36.1%. Most of that gap is property type rather than tenure itself: leasehold here is largely flats, freehold largely houses.

New builds sold for more than the median existing home — +4.2%. A new-build premium is normal: the buyer gets a warranty and nothing to fix, and the price is set by a developer rather than negotiated between two households.

A further 64 transfers for this area are on the register but are left out of every figure above. HM Land Registry marks them as additional price paid entries: repossessions, buy-to-let portfolio moves, transfers between companies or family, and sales at a discount such as right to buy. They are real records but they are not open-market prices, and including them would drag the median somewhere no buyer ever paid.

Every certificate carries an energy efficiency band as well as a floor area. Across Reading, 48.1% of 91,244 certificates sit in bands A to C, and 3.4% in F or G — the bands that cost the most to heat and are hardest to mortgage.

The Office for National Statistics puts the mean private rent in Reading at £1,573 a month as of Jun 2026 — £1,115 for a one-bedroom home and £1,669 for three bedrooms.

Against the median sale of £213,000 here, that rent is a gross yield of 8.86% a year. It is a measured figure rather than an assumption: a real local rent over a real local price, before any cost of ownership.

Police forces publish every recorded street-level crime. Within a mile of the centre of RG2, 186 crimes were recorded in Jun 2026: 83 violent, 4 burglary, 9 vehicle-related and 21 anti-social behaviour. The median postcode district in this archive recorded 167 in the same month, so this one is about typical.

Against the 174,224 residents the 2021 census counted in Reading, that is 1.07 recorded crimes per thousand people in the month. The count covers a mile around the district centre while the population covers the whole council, so read the rate as an order of magnitude rather than a precise figure.

A count is not a rate. A district with shops and a station records more crime than a residential one of the same size, because more people pass through it. Read this next to the median, not on its own.

The 2021 census counted 174,224 residents in Reading across 67,683 households. 51.7% of those households own their home and 48.1% rent — a split the sold record cannot show, because only owners appear in it.

18 state and independent schools have a RG2 postcode: 14 primary, 3 secondary, 1 nursery. Catchment areas do not follow postcodes, so treat this as what is nearby rather than what a child would be offered.

The median across the whole archive is £157,500. Drake Way, Reading sits above that national figure — +35.2%.

Within Reading the street ranks 2231 of 3510 by median price, and its median is below the town figure of £220,000 (-3.2%).

Where an EPC floor area could be matched to the sale, the median works out at £3,666 per square metre, across 133 of the 405 sales on record. Price per square metre is the only figure that compares a two-bed flat with a four-bed house honestly.

The full range on record runs from £56,000 to £470,000. Extremes usually mean something unusual — a plot sold without a house on it, a transfer between family members, or a very large property — so the median is the number to trust.

Drake Way, Reading sits in Reading, in the South East.

The Office for National Statistics puts the median home in Reading at 7.1 times median local earnings of £49,062 a year, measured to Sep 2025. Across England and Wales the same ratio is 7.6. That number, not the price alone, is what decides whether a place is within reach of the people who work in it.

Streets nearby

• Basingstoke Road£218,000 median
• Elgar Road£180,000 median
• Whitley Wood Road£159,975 median
• Shinfield Road£233,000 median
• Northumberland Avenue£190,000 median
• Valon Road£170,000 median
• Hyde End Road£366,500 median
• Tippett Rise£99,475 median
• Flagstaff Road£408,900 median
• Northcourt Avenue£198,000 median
• Whitley Wood Lane£189,950 median
• Skylark Way£284,475 median
• Hartland Road£147,500 median
• Windermere Road£131,750 median
• Havergate Way£171,500 median
• Rushley Way£174,500 median

Addresses with more than one recorded sale

• FLAT 7, 1 Drake Way5 sales
• FLAT 2, 2 Drake Way4 sales
• FLAT 9, 27 Drake Way4 sales
• FLAT 38, THORNEY HOUSE Drake Way4 sales
• FLAT 112, CYGNET HOUSE Drake Way3 sales
• FLAT 302, NIGHTINGALE HOUSE Drake Way3 sales
• FLAT 214, SKYLARK HOUSE Drake Way3 sales
• 31 Drake Way3 sales
• FLAT 112, SKYLARK HOUSE Drake Way3 sales
• FLAT 707, SKYLARK HOUSE Drake Way3 sales
• FLAT 201, SKYLARK HOUSE Drake Way3 sales
• FLAT 20, THORNEY HOUSE Drake Way3 sales
• FLAT 2, 27 Drake Way3 sales
• FLAT 27, THORNEY HOUSE Drake Way3 sales
• FLAT 29, LUNDY HOUSE Drake Way3 sales
• FLAT 46, THORNEY HOUSE Drake Way3 sales
• FLAT 305, SKYLARK HOUSE Drake Way3 sales
• FLAT 21, LUNDY HOUSE Drake Way3 sales
• 9 Drake Way3 sales
• FLAT 10, THORNEY HOUSE Drake Way3 sales
• FLAT 45, THORNEY HOUSE Drake Way3 sales
• FLAT 703, SKYLARK HOUSE Drake Way3 sales
• FLAT 3, 4 Drake Way3 sales
• FLAT 32, LUNDY HOUSE Drake Way3 sales

Back to Reading house prices.

What is the average house price in Drake Way, Reading?

The median price paid in Drake Way, Reading across every sale on the register is £213,000. The median is used rather than the mean because a handful of very large sales would otherwise drag the average away from what a typical buyer paid.

How many homes have sold in Drake Way, Reading?

405 sales are on record for Drake Way, Reading, the most recent completing on 12 Jun 2026. Every one is a completed transfer lodged with HM Land Registry, not an asking price or an estimate.

Have Drake Way, Reading house prices actually risen?

In cash, the median rose +15.2% between 2016 and 2026. In 2026 money — that is, after inflation — the change is -17.5%. Both numbers are true; only the second one tells you whether buying here preserved value.

When were Drake Way, Reading house prices at their highest?

The highest yearly median on record is £261,250, set in 2026. That is the cash figure; measured in 2026 money the peak may fall in a different year, because inflation reshapes the series.

What is the price per square metre in Drake Way, Reading?

£3,666 per square metre, from the 133 sales where an EPC floor area could be matched to the address. Price per square metre strips out size, so a flat and a house can be compared on the same basis.

How current is this data?

The latest sale shown here completed on 12 Jun 2026. HM Land Registry publishes Price Paid Data monthly and a sale can take a month or two to appear after completion, so the most recent weeks are always incomplete.

Cite this page: Sold Price History, “Drake Way, Reading house prices”, 2026. Source: HM Land Registry Price Paid Data © Crown copyright and database right, used under the Open Government Licence v3.0. Inflation adjustment: ONS CPIH.