2, PRESTON PLACE, NEWBURY, RG14 2SE - £250,000

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 PRESTON PLACE is a midsized detached house of 125m², built sometime between 1991 and 1995, which could now be worth an estimated £494,099. It was last sold for £250,000 in May 2009, which was around 29% below the average May 2009 detached price in the West Berkshire local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

2 PRESTON PLACE Sold Prices

Land registry data shows two sales for 2 PRESTON PLACE 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 PRESTON PLACE 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
2009 15 MAY	£250,000	£351,152	29% below HPI
1998 31 JUL	£130,000	£175,476	26% below HPI

2 PRESTON PLACE 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 PRESTON PLACE sales from July 1998 and May 2009 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 1998 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2009 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 PRESTON PLACE be worth now?

2 PRESTON PLACE might now be worth an estimated £494,099.

This is based on house price inflation of 97.6%, between May 2009 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 97.6% inflationary increase is applied to the most recent sale price for 2 PRESTON PLACE of £250,000 on 15th May 2009. For the value to have increased from £250,000 to £494,099 over the fourteen years and five months to December 2024, the following assumptions must hold true:

• The value of 2 PRESTON PLACE has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The May 2009 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PRESTON PLACE has not materially changed since May 2009.

How Large is 2 PRESTON PLACE?

2 PRESTON PLACE is 125m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 50% of detached houses houses in Newbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newbury, and where 2 PRESTON PLACE lies on this distribution: 48% of detached houses houses are smaller than 2 PRESTON PLACE, and 52% of houses are larger. Note that EPC data is not available for all properties in Newbury.

2 PRESTON PLACE: Plot and Title Map

2 PRESTON PLACE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 2 PRESTON PLACE, 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 PRESTON PLACE). 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 PRESTON PLACE?

2 PRESTON PLACE is located in NEWBURY, in the RG14 postcode district. The below map shows the position of No. 2 on PRESTON PLACE.