2, PADDICK DRIVE, LOWER EARLEY, READING, RG6 4HH - £450,000

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 PADDICK DRIVE is a midsized detached house of 124m², built sometime between 2003 and 2006, which could now be worth an estimated £654,688. It was last sold for £450,000 in December 2014, which was around 15% below the average December 2014 detached price in the Wokingham local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was C.

2 PADDICK DRIVE Sold Prices

Land registry data shows three sales for 2 PADDICK DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the three 2 PADDICK DRIVE 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 23 DEC	£450,000	£529,040	15% below HPI
2004 17 DEC	£352,000	£361,132	3% below HPI
1998 24 DEC	£182,633	£194,616	6% below HPI

2 PADDICK DRIVE 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 three 2 PADDICK DRIVE sales between December 1998 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 December 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2014 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 PADDICK DRIVE be worth now?

2 PADDICK DRIVE might now be worth an estimated £654,688.

This is based on house price inflation of 45.5%, between December 2014 and December 2024, for detached houses, in the Wokingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45.5% inflationary increase is applied to the most recent sale price for 2 PADDICK DRIVE of £450,000 on 23rd December 2014. For the value to have increased from £450,000 to £654,688 over the ten years to December 2024, the following assumptions must hold true:

• The value of 2 PADDICK DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The December 2014 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PADDICK DRIVE has not materially changed since December 2014.

How Large is 2 PADDICK DRIVE?

2 PADDICK DRIVE is 124m² according to the EPC inspection conducted in March 2014. This puts it in the largest 50% 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 PADDICK DRIVE lies on this distribution: 54% of detached houses houses are smaller than 2 PADDICK DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Reading.

2 PADDICK DRIVE: Plot and Title Map

2 PADDICK DRIVE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 2 PADDICK DRIVE, 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 PADDICK DRIVE). 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 PADDICK DRIVE?

2 PADDICK DRIVE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 2 on PADDICK DRIVE.