12, MILAM CLOSE, ARBORFIELD, READING, RG2 9FD - £323,000

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

12 MILAM CLOSE is a very small extended detached house of 87m², built sometime between 1996 and 2002. It was last sold for £323,000 in December 2013, which was around 29% below the average December 2013 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

12 MILAM CLOSE Sold Prices

Land registry data shows two sales for 12 MILAM 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 MILAM 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
2013 12 DEC	£323,000	£453,328	29% below HPI
2002 19 DEC	£230,000	£328,329	30% below HPI

12 MILAM 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 MILAM CLOSE sales from December 2002 and December 2013 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 December 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2013 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 12 MILAM CLOSE?

12 MILAM CLOSE is 87m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of detached houses in Arborfield Garrison, based on EPC data. The below chart shows the distribution of detached houses by size in Arborfield Garrison, and where 12 MILAM CLOSE lies on this distribution: 9% of detached houses are smaller than 12 MILAM CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Arborfield Garrison.

12 MILAM CLOSE: Plot and Title Map

12 MILAM CLOSE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 12 MILAM 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 MILAM 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 MILAM CLOSE?

12 MILAM CLOSE is located in ARBORFIELD, in the RG2 postcode district. The below map shows the position of No. 12 on MILAM CLOSE.