16, SPRING LANE, MORTIMER COMMON, READING, RG7 3RT - £495,000

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

16 SPRING LANE is a large extended detached house of 168m², built sometime between 1967 and 1975. It was last sold for £495,000 in December 2014, which was around 3% above the average December 2014 detached price in the West Berkshire local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

16 SPRING LANE Sold Prices

Land registry data shows four sales for 16 SPRING 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 West Berkshire local authority area for the corresponding sale date. Most of the four 16 SPRING 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 17 DEC	£495,000	£481,158	3% above HPI
2001 3 JAN	£233,000	£241,927	4% below HPI
1996 10 MAY	£110,000	£125,137	12% below HPI
1995 4 JUL	£110,000	£124,241	11% below HPI

16 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Berkshire local authority area over time, sourced from the HPI. The four 16 SPRING LANE sales between July 1995 and December 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 January 2001 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2014 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 16 SPRING LANE?

16 SPRING LANE is 168m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 40% of detached houses in Mortimer, based on EPC data. The below chart shows the distribution of detached houses by size in Mortimer, and where 16 SPRING LANE lies on this distribution: 65% of detached houses are smaller than 16 SPRING LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Mortimer.

16 SPRING LANE: Plot and Title Map

16 SPRING LANE sits on a plot of roughly 0.306 of an acre, or 1,238m². The below map shows the location of 16 SPRING 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 16 SPRING 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 16 SPRING LANE?

16 SPRING LANE is located in MORTIMER COMMON, in the RG7 postcode district. The below map shows the position of No. 16 on SPRING LANE.