2, THE CEDARS, TILEHURST, READING, RG31 6JW - £384,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 THE CEDARS is a small detached house of 110m², built sometime between 1983 and 1990. It was last sold for £384,000 in June 2015, which was around 26% below the average June 2015 detached price in the Reading local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

2 THE CEDARS Sold Prices

Land registry data shows two sales for 2 THE CEDARS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reading local authority area for the corresponding sale date. Both of the two 2 THE CEDARS 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
2015 24 JUN	£384,000	£515,660	26% below HPI
2004 19 JAN	£282,500	£324,056	13% below HPI

2 THE CEDARS 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 two 2 THE CEDARS sales from January 2004 and June 2015 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 January 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2015 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 THE CEDARS?

2 THE CEDARS is 110m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 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 THE CEDARS lies on this distribution: 39% of detached houses are smaller than 2 THE CEDARS, and 60% of houses are larger. Note that EPC data is not available for all properties in Reading.

2 THE CEDARS: Plot and Title Map

2 THE CEDARS sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 2 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

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