12, MELLING CLOSE, EARLEY, READING, RG6 7XN - £420,000

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.

12 MELLING CLOSE is a very small extended detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £515,129. It was last sold for £420,000 in July 2017, which was around 34% below the average July 2017 detached price in the Wokingham local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

12 MELLING CLOSE Sold Prices

Land registry data shows two sales for 12 MELLING 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 Wokingham local authority area for the corresponding sale date. Both of the two 12 MELLING 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
2017 7 JUL	£420,000	£633,312	34% below HPI
1996 26 APR	£92,000	£136,393	33% below HPI

12 MELLING 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 two 12 MELLING CLOSE sales from April 1996 and July 2017 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 April 1996 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2017 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 12 MELLING CLOSE be worth now?

12 MELLING CLOSE might now be worth an estimated £515,129.

This is based on house price inflation of 22.6%, between July 2017 and February 2025, for detached houses, in the Wokingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.6% inflationary increase is applied to the most recent sale price for 12 MELLING CLOSE of £420,000 on 7th July 2017. For the value to have increased from £420,000 to £515,129 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 12 MELLING CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The July 2017 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MELLING CLOSE has not materially changed since July 2017.

How Large is 12 MELLING CLOSE?

12 MELLING CLOSE is 74m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses houses in Reading, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reading, and where 12 MELLING CLOSE lies on this distribution: 8% of detached houses houses are smaller than 12 MELLING CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Reading.

12 MELLING CLOSE: Plot and Title Map

12 MELLING CLOSE sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of 12 MELLING 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 MELLING 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 MELLING CLOSE?

12 MELLING CLOSE is located in EARLEY, in the RG6 postcode district. The below map shows the position of No. 12 on MELLING CLOSE.