142, MILL LANE, LOWER EARLEY, READING, RG6 3UN - £405,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

142 MILL LANE is a midsized extended detached house of 117m², built sometime between 1976 and 1982. It was last sold for £405,000 in February 2014, which was around 12% below the average February 2014 detached price in the Wokingham local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

142 MILL LANE Sold Prices

Land registry data shows four sales for 142 MILL LANE 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 142 MILL 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
2014 27 FEB	£405,000	£461,850	12% below HPI
2007 31 AUG	£362,000	£421,275	14% below HPI
2007 29 JUN	£370,000	£411,837	10% below HPI
2001 25 MAY	£220,000	£264,140	17% below HPI

142 MILL LANE 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 142 MILL LANE sales between May 2001 and February 2014 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 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2014 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 142 MILL LANE?

142 MILL LANE is 117m², which includes two extensions, according to the EPC inspection conducted in October 2013. 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 142 MILL LANE lies on this distribution: 47% of detached houses are smaller than 142 MILL LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Reading.

142 MILL LANE: Plot and Title Map

142 MILL LANE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 142 MILL 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 142 MILL 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 142 MILL LANE?

142 MILL LANE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 142 on MILL LANE.