12, GURNEY CLOSE, CAVERSHAM, READING, RG4 7LE - £550,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 GURNEY CLOSE is a very small detached house of 49m², built sometime between 1950 and 1966. It was last sold for £550,000 in July 2016, which was around 10% below the average July 2016 detached price in the Reading local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

12 GURNEY CLOSE Sold Prices

Land registry data shows two sales for 12 GURNEY 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 12 GURNEY 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
2016 26 JUL	£550,000	£614,240	10% below HPI
2007 31 AUG	£380,000	£412,878	8% below HPI

12 GURNEY 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 12 GURNEY CLOSE sales from August 2007 and July 2016 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 2007 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2016 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 12 GURNEY CLOSE be worth now?

12 GURNEY CLOSE might now be worth an estimated £625,352.

This is based on house price inflation of 13.7%, between July 2016 and December 2024, 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 13.7% inflationary increase is applied to the most recent sale price for 12 GURNEY CLOSE of £550,000 on 26th July 2016. For the value to have increased from £550,000 to £625,352 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of 12 GURNEY CLOSE has moved in line with the HPI for detached houses in the Reading local authority area.
• The July 2016 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 12 GURNEY CLOSE has not materially changed since July 2016.

How Large is 12 GURNEY CLOSE?

12 GURNEY CLOSE is 49m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 10% 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 12 GURNEY CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 12 GURNEY CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Caversham.

12 GURNEY CLOSE: Plot and Title Map

12 GURNEY CLOSE sits on a plot of roughly 0.157 of an acre, or 635m². The below map shows the location of 12 GURNEY 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 12 GURNEY 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 12 GURNEY CLOSE?

12 GURNEY CLOSE is located in CAVERSHAM, in the RG4 postcode district. The below map shows the position of No. 12 on GURNEY CLOSE.