3, CHIPPENHAM CLOSE, LOWER EARLEY, READING, RG6 4AY - £339,500

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 CHIPPENHAM CLOSE is a small detached house of 107m², built sometime between 1976 and 1982, which could now be worth an estimated £723,576. It was last sold for £339,500 in December 2004, which was around 6% below the average December 2004 detached price in the Wokingham local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

3 CHIPPENHAM CLOSE Sold Prices

Land registry data shows two sales for 3 CHIPPENHAM 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 Wokingham local authority area for the corresponding sale date. Both of the two 3 CHIPPENHAM 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
2004 3 DEC	£339,500	£361,132	6% below HPI
2001 3 SEP	£270,000	£295,024	8% below HPI

3 CHIPPENHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wokingham local authority area over time, sourced from the HPI. The two 3 CHIPPENHAM CLOSE sales from September 2001 and December 2004 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 2001 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2004 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 3 CHIPPENHAM CLOSE be worth now?

3 CHIPPENHAM CLOSE might now be worth an estimated £723,576.

This is based on house price inflation of 113.1%, between December 2004 and December 2024, for detached houses, in the Wokingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 113.1% inflationary increase is applied to the most recent sale price for 3 CHIPPENHAM CLOSE of £339,500 on 3rd December 2004. For the value to have increased from £339,500 to £723,576 over the twenty years to December 2024, the following assumptions must hold true:

• The value of 3 CHIPPENHAM CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The December 2004 sale price of £339,500 represented a fair market value for the property.
• The size, condition, and specification of 3 CHIPPENHAM CLOSE has not materially changed since December 2004.

How Large is 3 CHIPPENHAM CLOSE?

3 CHIPPENHAM CLOSE is 107m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 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 CHIPPENHAM CLOSE lies on this distribution: 36% of detached houses houses are smaller than 3 CHIPPENHAM CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Reading.

3 CHIPPENHAM CLOSE: Plot and Title Map

3 CHIPPENHAM CLOSE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 3 CHIPPENHAM 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 CHIPPENHAM 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 CHIPPENHAM CLOSE?

3 CHIPPENHAM CLOSE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 3 on CHIPPENHAM CLOSE.