10, MERRIFIELD CLOSE, LOWER EARLEY, READING, RG6 4BN - £500,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 MERRIFIELD CLOSE is a midsized extended detached house of 117m², built sometime between 1983 and 1990. It was last sold for £500,000 in May 2019, which was around 17% below the average May 2019 detached price in the Wokingham local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

10 MERRIFIELD CLOSE Sold Prices

Land registry data shows four sales for 10 MERRIFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the four 10 MERRIFIELD 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
2019 3 MAY	£500,000	£600,526	17% below HPI
2011 26 AUG	£250,000	£418,286	40% below HPI
2001 24 OCT	£199,950	£289,375	31% below HPI
1996 12 OCT	£84,000	£138,923	40% below HPI

10 MERRIFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wokingham local authority area over time, sourced from the HPI. The four 10 MERRIFIELD CLOSE sales between October 1996 and May 2019 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 August 2011 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2019 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 10 MERRIFIELD CLOSE?

10 MERRIFIELD CLOSE is 117m², which includes three extensions, according to the EPC inspection conducted in February 2019. This puts it in the smallest 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 10 MERRIFIELD CLOSE lies on this distribution: 47% of detached houses are smaller than 10 MERRIFIELD CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Reading.

10 MERRIFIELD CLOSE: Plot and Title Map

10 MERRIFIELD CLOSE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 10 MERRIFIELD 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 10 MERRIFIELD 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 10 MERRIFIELD CLOSE?

10 MERRIFIELD CLOSE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 10 on MERRIFIELD CLOSE.