2, CRANMER CLOSE, TILEHURST, READING, RG31 6FL - £430,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 CRANMER CLOSE is a very small extended detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £432,168. It was last sold for £430,000 in November 2022, which was around 38% below the average November 2022 detached price in the West Berkshire local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

2 CRANMER CLOSE Sold Prices

Land registry data shows two sales for 2 CRANMER 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 West Berkshire local authority area for the corresponding sale date. Both of the two 2 CRANMER 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
2022 25 NOV	£430,000	£690,533	38% below HPI
2016 1 JUL	£330,000	£562,873	41% below HPI

2 CRANMER CLOSE 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 two 2 CRANMER CLOSE sales from July 2016 and November 2022 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 July 2016 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the November 2022 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 CRANMER CLOSE be worth now?

2 CRANMER CLOSE might now be worth an estimated £432,168.

This is based on house price inflation of 0.5%, between November 2022 and December 2024, for detached houses, in the West Berkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.5% inflationary increase is applied to the most recent sale price for 2 CRANMER CLOSE of £430,000 on 25th November 2022. For the value to have increased from £430,000 to £432,168 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 CRANMER CLOSE has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The November 2022 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CRANMER CLOSE has not materially changed since November 2022.

How Large is 2 CRANMER CLOSE?

2 CRANMER CLOSE is 74m², which includes two extensions, according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% 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 2 CRANMER CLOSE lies on this distribution: 8% of detached houses houses are smaller than 2 CRANMER CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Reading.

2 CRANMER CLOSE: Plot and Title Map

2 CRANMER CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 2 CRANMER 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 2 CRANMER 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 2 CRANMER CLOSE?

2 CRANMER CLOSE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 2 on CRANMER CLOSE.