2, SOUTH DRIVE, READING, RG2 7DP - £565,000

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

2 SOUTH DRIVE is a large extended detached house of 142m², built sometime between 1983 and 1990. It was last sold for £565,000 in January 2019, which was around 7% below the average January 2019 detached price in the Reading local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

2 SOUTH DRIVE Sold Prices

Land registry data shows five sales for 2 SOUTH DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Reading local authority area for the corresponding sale date. All of the five 2 SOUTH 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
2019 18 JAN	£565,000	£606,089	7% below HPI
2018 31 JUL	£575,000	£610,998	6% below HPI
2016 31 AUG	£560,000	£617,048	9% below HPI
2006 2 DEC	£310,000	£373,673	17% below HPI
1996 22 NOV	£84,950	£127,102	33% below HPI

2 SOUTH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reading local authority area over time, sourced from the HPI. The five 2 SOUTH DRIVE sales between November 1996 and January 2019 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 2018 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2019 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 2 SOUTH DRIVE?

2 SOUTH DRIVE is 142m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 40% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 2 SOUTH DRIVE lies on this distribution: 69% of detached houses are smaller than 2 SOUTH DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Reading.

2 SOUTH DRIVE: Plot and Title Map

2 SOUTH DRIVE sits on a plot of roughly 0.151 of an acre, or 612m². The below map shows the location of 2 SOUTH 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 SOUTH 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 SOUTH DRIVE?

2 SOUTH DRIVE is located in READING, in the RG2 postcode district. The below map shows the position of No. 2 on SOUTH DRIVE.