2, STRAND WAY, LOWER EARLEY, READING, RG6 4BU - £389,950

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 STRAND WAY is a large extended detached house of 140m², built sometime between 1983 and 1990, which could now be worth an estimated £673,203. It was last sold for £389,950 in July 2013, which was around 13% below the average July 2013 detached price in the Wokingham local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

2 STRAND WAY Sold Prices

Land registry data shows three sales for 2 STRAND WAY 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 STRAND WAY 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
2013 31 JUL	£389,950	£445,834	13% below HPI
1999 3 SEP	£205,000	£215,729	5% below HPI
1996 4 APR	£118,000	£136,393	13% below HPI

2 STRAND WAY 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 STRAND WAY sales between April 1996 and July 2013 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 September 1999 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2013 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 STRAND WAY be worth now?

2 STRAND WAY might now be worth an estimated £673,203.

This is based on house price inflation of 72.6%, between July 2013 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 72.6% inflationary increase is applied to the most recent sale price for 2 STRAND WAY of £389,950 on 31st July 2013. For the value to have increased from £389,950 to £673,203 over the ten years and seven months to December 2024, the following assumptions must hold true:

• The value of 2 STRAND WAY has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The July 2013 sale price of £389,950 represented a fair market value for the property.
• The size, condition, and specification of 2 STRAND WAY has not materially changed since July 2013.

How Large is 2 STRAND WAY?

2 STRAND WAY is 140m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the largest 40% 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 STRAND WAY lies on this distribution: 67% of detached houses houses are smaller than 2 STRAND WAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Reading.

2 STRAND WAY: Plot and Title Map

2 STRAND WAY sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of 2 STRAND WAY, 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 STRAND WAY). 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 STRAND WAY?

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