121A, PARK LANE, TILEHURST, READING, RG31 4DR - £397,500

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.

121A PARK LANE is a large extended detached house of 146m², built sometime between 1983 and 1990, which could now be worth an estimated £675,855. It was last sold for £397,500 in November 2012, which was around 2% below the average November 2012 detached price in the Reading local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

121A PARK LANE Sold Prices

Land registry data shows two sales for 121A PARK LANE 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 121A PARK LANE 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
2012 30 NOV	£397,500	£407,384	2% below HPI
2006 30 MAR	£315,000	£343,957	8% below HPI

121A PARK LANE 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 121A PARK LANE sales from March 2006 and November 2012 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 March 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2012 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 121A PARK LANE be worth now?

121A PARK LANE might now be worth an estimated £675,855.

This is based on house price inflation of 70%, between November 2012 and February 2025, 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 70% inflationary increase is applied to the most recent sale price for 121A PARK LANE of £397,500 on 30th November 2012. For the value to have increased from £397,500 to £675,855 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 121A PARK LANE has moved in line with the HPI for detached houses in the Reading local authority area.
• The November 2012 sale price of £397,500 represented a fair market value for the property.
• The size, condition, and specification of 121A PARK LANE has not materially changed since November 2012.

How Large is 121A PARK LANE?

121A PARK LANE is 146m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the largest 30% 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 121A PARK LANE lies on this distribution: 71% of detached houses houses are smaller than 121A PARK LANE, and 28% of houses are larger. Note that EPC data is not available for all properties in Reading.

121A PARK LANE: Plot and Title Map

121A PARK LANE sits on a plot of roughly 0.280 of an acre, or 1,134m². The below map shows the location of 121A PARK LANE, 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 121A PARK LANE). 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 121A PARK LANE?

121A PARK LANE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 121A on PARK LANE.