3, CHAFFINCH CLOSE, TILEHURST, READING, RG31 4ZD - £315,000

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

3 CHAFFINCH CLOSE is a large detached house of 139m², built sometime between 1991 and 1995, which could now be worth an estimated £579,857. It was last sold for £315,000 in September 2009, which was around 16% below the average September 2009 detached price in the West Berkshire local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

3 CHAFFINCH CLOSE Sold Prices

Land registry data shows four sales for 3 CHAFFINCH CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. All of the four 3 CHAFFINCH CLOSE 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
2009 7 SEP	£315,000	£377,015	16% below HPI
2005 4 NOV	£297,500	£351,605	15% below HPI
1999 26 NOV	£195,000	£216,546	10% below HPI
1997 24 JAN	£124,000	£139,686	11% below HPI

3 CHAFFINCH CLOSE 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 four 3 CHAFFINCH CLOSE sales between January 1997 and September 2009 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 November 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2009 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 CHAFFINCH CLOSE be worth now?

3 CHAFFINCH CLOSE might now be worth an estimated £579,857.

This is based on house price inflation of 84.1%, between September 2009 and December 2024, for detached houses, in the West Berkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 84.1% inflationary increase is applied to the most recent sale price for 3 CHAFFINCH CLOSE of £315,000 on 7th September 2009. For the value to have increased from £315,000 to £579,857 over the fourteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 3 CHAFFINCH CLOSE has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The September 2009 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHAFFINCH CLOSE has not materially changed since September 2009.

How Large is 3 CHAFFINCH CLOSE?

3 CHAFFINCH CLOSE is 139m² according to the EPC inspection conducted in April 2009. This puts it in the largest 40% of detached houses houses in Reading, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reading, and where 3 CHAFFINCH CLOSE lies on this distribution: 67% of detached houses houses are smaller than 3 CHAFFINCH CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Reading.

3 CHAFFINCH CLOSE: Plot and Title Map

3 CHAFFINCH CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 3 CHAFFINCH 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 3 CHAFFINCH 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 3 CHAFFINCH CLOSE?

3 CHAFFINCH CLOSE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 3 on CHAFFINCH CLOSE.