15, ESSEX WAY, SONNING COMMON, READING, RG4 9RG - £395,000

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.

15 ESSEX WAY is a very small detached house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £423,524. It was last sold for £395,000 in June 2024, which was around 46% below the average June 2024 detached price in the South Oxfordshire local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was B.

15 ESSEX WAY Sold Prices

Land registry data shows two sales for 15 ESSEX WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Oxfordshire local authority area for the corresponding sale date. Both of the two 15 ESSEX WAY 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
2024 27 JUN	£395,000	£736,015	46% below HPI
2013 15 FEB	£265,000	£493,496	46% below HPI

15 ESSEX WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Oxfordshire local authority area over time, sourced from the HPI. The two 15 ESSEX WAY sales from February 2013 and June 2024 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 February 2013 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the June 2024 sale, which was also at 46% below the HPI.

What might 15 ESSEX WAY be worth now?

15 ESSEX WAY might now be worth an estimated £423,524.

This is based on house price inflation of 7.2%, between June 2024 and February 2025, for detached houses, in the South Oxfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.2% inflationary increase is applied to the most recent sale price for 15 ESSEX WAY of £395,000 on 27th June 2024. For the value to have increased from £395,000 to £423,524 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 15 ESSEX WAY has moved in line with the HPI for detached houses in the South Oxfordshire local authority area.
• The June 2024 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 15 ESSEX WAY has not materially changed since June 2024.

How Large is 15 ESSEX WAY?

15 ESSEX WAY is 56m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 10% of detached houses houses in Sonning Common, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sonning Common, and where 15 ESSEX WAY lies on this distribution: Less than 1% of detached houses houses are smaller than 15 ESSEX WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Sonning Common.

15 ESSEX WAY: Plot and Title Map

15 ESSEX WAY sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 15 ESSEX WAY, 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 15 ESSEX WAY). 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 15 ESSEX WAY?

15 ESSEX WAY is located in SONNING COMMON, in the RG4 postcode district. The below map shows the position of No. 15 on ESSEX WAY.