22, READES LANE, SONNING COMMON, READING, RG4 9LP - £1,035,000

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

22 READES LANE is a large detached house of 167m², built sometime from 2012 onwards. It was last sold for £1,035,000 in October 2021, which was around 36% above the average October 2021 detached price in the South Oxfordshire local authority area. The most recent EPC inspection was July 2021, where the current energy rating was B, and the potential energy rating was B.

22 READES LANE Sold Prices

Land registry data shows three sales for 22 READES 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 South Oxfordshire local authority area for the corresponding sale date. Two of the three 22 READES LANE sales were for above the average price, whilst one was 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
2021 15 OCT	£1,035,000	£761,407	36% above HPI
2015 15 SEP	£795,000	£605,895	31% above HPI
2006 6 OCT	£371,000	£427,741	13% below HPI

22 READES LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Oxfordshire local authority area over time, sourced from the HPI. The three 22 READES LANE sales between October 2006 and October 2021 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 2015 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the October 2021 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is 22 READES LANE?

22 READES LANE is 167m² according to the EPC inspection conducted in July 2021. This puts it in the largest 30% of detached houses in Sonning Common, based on EPC data. The below chart shows the distribution of detached houses by size in Sonning Common, and where 22 READES LANE lies on this distribution: 74% of detached houses are smaller than 22 READES LANE, and 26% of houses are larger. Note that EPC data is not available for all properties in Sonning Common.

22 READES LANE: Plot and Title Map

22 READES LANE sits on a plot of roughly 0.192 of an acre, or 777m². The below map shows the location of 22 READES 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 22 READES 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 22 READES LANE?

22 READES LANE is located in SONNING COMMON, in the RG4 postcode district. The below map shows the position of No. 22 on READES LANE.