1, FAIRFAX CLOSE, CAVERSHAM, READING, RG4 6DA - £660,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 FAIRFAX CLOSE is a small extended detached house of 122m², built sometime between 1991 and 1995, which could now be worth an estimated £643,010. It was last sold for £660,500 in September 2023, which was around 7% below the average September 2023 detached price in the Reading local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

1 FAIRFAX CLOSE Sold Prices

Land registry data shows five sales for 1 FAIRFAX CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Reading local authority area for the corresponding sale date. Most of the five 1 FAIRFAX CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 8 SEP	£660,500	£711,501	7% below HPI
2014 30 OCT	£456,000	£489,659	7% below HPI
2006 24 AUG	£373,000	£365,462	2% above HPI
2002 15 AUG	£278,000	£326,851	15% below HPI
1997 28 JUL	£145,995	£139,706	5% above HPI

1 FAIRFAX CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reading local authority area over time, sourced from the HPI. The five 1 FAIRFAX CLOSE sales between July 1997 and September 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2014 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2023 sale, which was also at 7% below the HPI.

What might 1 FAIRFAX CLOSE be worth now?

1 FAIRFAX CLOSE might now be worth an estimated £643,010.

This is based on house price deflation of 2.6%, between September 2023 and February 2025, for detached houses, in the Reading local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.6% deflationary decrease is applied to the most recent sale price for 1 FAIRFAX CLOSE of £660,500 on 8th September 2023. For the value to have decreased from £660,500 to £643,010 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 FAIRFAX CLOSE has moved in line with the HPI for detached houses in the Reading local authority area.
• The September 2023 sale price of £660,500 represented a fair market value for the property.
• The size, condition, and specification of 1 FAIRFAX CLOSE has not materially changed since September 2023.

How Large is 1 FAIRFAX CLOSE?

1 FAIRFAX CLOSE is 122m², which includes two extensions, according to the EPC inspection conducted in August 2014. This puts it in the smallest 40% of detached houses houses in Caversham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caversham, and where 1 FAIRFAX CLOSE lies on this distribution: 40% of detached houses houses are smaller than 1 FAIRFAX CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Caversham.

1 FAIRFAX CLOSE: Plot and Title Map

1 FAIRFAX CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 1 FAIRFAX CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 FAIRFAX CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 FAIRFAX CLOSE?

1 FAIRFAX CLOSE is located in CAVERSHAM, in the RG4 postcode district. The below map shows the position of No. 1 on FAIRFAX CLOSE.