20, SPRING LANE, MORTIMER COMMON, READING, RG7 3RT - £510,000

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

20 SPRING LANE is a small extended detached house of 117m², built sometime between 1950 and 1966. It was last sold for £510,000 in January 2018, which was around 10% below the average January 2018 detached price in the West Berkshire local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

20 SPRING LANE Sold Prices

Land registry data shows three sales for 20 SPRING LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. All of the three 20 SPRING LANE 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
2018 8 JAN	£510,000	£566,542	10% below HPI
2000 26 JUL	£198,000	£243,496	19% below HPI
1995 12 APR	£83,950	£124,307	32% below HPI

20 SPRING LANE 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 three 20 SPRING LANE sales between April 1995 and January 2018 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 2000 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2018 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 20 SPRING LANE?

20 SPRING LANE is 117m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the smallest 30% of detached houses in Mortimer, based on EPC data. The below chart shows the distribution of detached houses by size in Mortimer, and where 20 SPRING LANE lies on this distribution: 28% of detached houses are smaller than 20 SPRING LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Mortimer.

20 SPRING LANE: Plot and Title Map

20 SPRING LANE sits on a plot of roughly 0.209 of an acre, or 846m². The below map shows the location of 20 SPRING LANE, 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 20 SPRING LANE). 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 20 SPRING LANE?

20 SPRING LANE is located in MORTIMER COMMON, in the RG7 postcode district. The below map shows the position of No. 20 on SPRING LANE.