3, GROVE MEWS, EMMER GREEN, READING, RG4 8LA - £570,000

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 GROVE MEWS is a midsized detached house of 139m², built sometime between 1991 and 1995, which could now be worth an estimated £575,657. It was last sold for £570,000 in January 2024, which was around 18% below the average January 2024 detached price in the Reading local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

3 GROVE MEWS Sold Prices

Land registry data shows three sales for 3 GROVE MEWS 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 3 GROVE MEWS 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
2024 16 JAN	£570,000	£691,530	18% below HPI
2021 22 JUN	£530,000	£615,016	14% below HPI
2006 28 FEB	£287,500	£343,436	16% below HPI

3 GROVE MEWS 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 3 GROVE MEWS sales between February 2006 and January 2024 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 June 2021 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2024 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 3 GROVE MEWS be worth now?

3 GROVE MEWS might now be worth an estimated £575,657.

This is based on house price inflation of 1%, between January 2024 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 1% inflationary increase is applied to the most recent sale price for 3 GROVE MEWS of £570,000 on 16th January 2024. For the value to have increased from £570,000 to £575,657 over the one month to December 2024, the following assumptions must hold true:

• The value of 3 GROVE MEWS has moved in line with the HPI for detached houses in the Reading local authority area.
• The January 2024 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GROVE MEWS has not materially changed since January 2024.

How Large is 3 GROVE MEWS?

3 GROVE MEWS is 139m² according to the EPC inspection conducted in July 2020. This puts it in the largest 50% 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 3 GROVE MEWS lies on this distribution: 54% of detached houses houses are smaller than 3 GROVE MEWS, and 45% of houses are larger. Note that EPC data is not available for all properties in Caversham.

3 GROVE MEWS: Plot and Title Map

3 GROVE MEWS sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 3 GROVE MEWS, 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 GROVE MEWS). 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 GROVE MEWS?

3 GROVE MEWS is located in EMMER GREEN, in the RG4 postcode district. The below map shows the position of No. 3 on GROVE MEWS.