29, FAIRFAX CLOSE, CAVERSHAM, READING, RG4 6DA - £545,000

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

29 FAIRFAX CLOSE is a large detached house of 174m², built sometime between 1996 and 2002. It was last sold for £545,000 in May 2014, which was around 19% above the average May 2014 detached price in the Reading local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

29 FAIRFAX CLOSE Sold Prices

Land registry data shows two sales for 29 FAIRFAX CLOSE 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 29 FAIRFAX CLOSE sales were for above 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
2014 15 MAY	£545,000	£458,087	19% above HPI
1998 30 JAN	£205,000	£161,338	27% above HPI

29 FAIRFAX CLOSE 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 29 FAIRFAX CLOSE sales from January 1998 and May 2014 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 1998 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the May 2014 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 29 FAIRFAX CLOSE be worth now?

29 FAIRFAX CLOSE might now be worth an estimated £830,899.

This is based on house price inflation of 52.5%, between May 2014 and December 2024, for detached houses, in the Reading local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52.5% inflationary increase is applied to the most recent sale price for 29 FAIRFAX CLOSE of £545,000 on 15th May 2014. For the value to have increased from £545,000 to £830,899 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of 29 FAIRFAX CLOSE has moved in line with the HPI for detached houses in the Reading local authority area.
• The May 2014 sale price of £545,000 represented a fair market value for the property.
• The size, condition, and specification of 29 FAIRFAX CLOSE has not materially changed since May 2014.

How Large is 29 FAIRFAX CLOSE?

29 FAIRFAX CLOSE is 174m² according to the EPC inspection conducted in July 2012. This puts it in the largest 30% of detached houses houses in Caversham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caversham, and where 29 FAIRFAX CLOSE lies on this distribution: 76% of detached houses houses are smaller than 29 FAIRFAX CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Caversham.

29 FAIRFAX CLOSE: Plot and Title Map

29 FAIRFAX CLOSE sits on a plot of roughly 0.129 of an acre, or 521m². The below map shows the location of 29 FAIRFAX CLOSE, 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 29 FAIRFAX CLOSE). 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 29 FAIRFAX CLOSE?

29 FAIRFAX CLOSE is located in CAVERSHAM, in the RG4 postcode district. The below map shows the position of No. 29 on FAIRFAX CLOSE.