1, LANCASTER CLOSE, READING, RG1 5HB - £220,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 LANCASTER CLOSE is a midsized detached house of 129m², built sometime between 1976 and 1982. It was last sold for £220,000 in December 1998, which was around 23% above the average December 1998 detached price in the Reading local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

1 LANCASTER CLOSE Sold Prices

Land registry data shows two sales for 1 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reading local authority area for the corresponding sale date. Both of the two 1 LANCASTER CLOSE sales were for above 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
1998 16 DEC	£220,000	£178,966	23% above HPI
1995 20 JUL	£140,000	£119,474	17% above HPI

1 LANCASTER 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 two 1 LANCASTER CLOSE sales from July 1995 and December 1998 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 July 1995 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the December 1998 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 1 LANCASTER CLOSE?

1 LANCASTER CLOSE is 129m² according to the EPC inspection conducted in August 2023. This puts it in the largest 50% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 1 LANCASTER CLOSE lies on this distribution: 59% of detached houses are smaller than 1 LANCASTER CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Reading.

1 LANCASTER CLOSE: Plot and Title Map

1 LANCASTER CLOSE sits on a plot of roughly 0.154 of an acre, or 623m². The below map shows the location of 1 LANCASTER 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 LANCASTER 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 LANCASTER CLOSE?

1 LANCASTER CLOSE is located in READING, in the RG1 postcode district. The below map shows the position of No. 1 on LANCASTER CLOSE.