24, WEALD RISE, TILEHURST, READING, RG30 6XA - £590,000

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

24 WEALD RISE is a large extended detached house of 130m², built sometime between 1900 and 1929. It was last sold for £590,000 in May 2022, which was around 14% below the average May 2022 detached price in the Reading local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

24 WEALD RISE Sold Prices

Land registry data shows three sales for 24 WEALD RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reading local authority area for the corresponding sale date. All of the three 24 WEALD RISE 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
2022 17 MAY	£590,000	£685,842	14% below HPI
2015 8 MAY	£425,000	£501,871	15% below HPI
2006 30 OCT	£278,000	£371,644	25% below HPI

24 WEALD RISE 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 three 24 WEALD RISE sales between October 2006 and May 2022 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 May 2015 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 24 WEALD RISE?

24 WEALD RISE is 130m², which includes two extensions, according to the EPC inspection conducted in January 2015. 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 24 WEALD RISE lies on this distribution: 60% of detached houses are smaller than 24 WEALD RISE, and 39% of houses are larger. Note that EPC data is not available for all properties in Reading.

24 WEALD RISE: Plot and Title Map

24 WEALD RISE sits on a plot of roughly 0.141 of an acre, or 569m². The below map shows the location of 24 WEALD RISE, 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 24 WEALD RISE). 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 24 WEALD RISE?

24 WEALD RISE is located in TILEHURST, in the RG30 postcode district. The below map shows the position of No. 24 on WEALD RISE.