3, PENN ROAD, SPEEN, NEWBURY, RG14 1UU - £265,000

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 PENN ROAD is a very small extended detached house of 88m², built sometime between 1983 and 1990, which could now be worth an estimated £415,002. It was last sold for £265,000 in August 2013, which was around 40% below the average August 2013 detached price in the West Berkshire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

3 PENN ROAD Sold Prices

Land registry data shows three sales for 3 PENN ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. All of the three 3 PENN ROAD 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
2013 22 AUG	£265,000	£443,164	40% below HPI
2003 26 AUG	£214,950	£335,420	36% below HPI
1999 8 OCT	£137,500	£215,504	36% below HPI

3 PENN ROAD 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 three 3 PENN ROAD sales between October 1999 and August 2013 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 August 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2013 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 3 PENN ROAD be worth now?

3 PENN ROAD might now be worth an estimated £415,002.

This is based on house price inflation of 56.6%, between August 2013 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 56.6% inflationary increase is applied to the most recent sale price for 3 PENN ROAD of £265,000 on 22nd August 2013. For the value to have increased from £265,000 to £415,002 over the ten years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 PENN ROAD has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The August 2013 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PENN ROAD has not materially changed since August 2013.

How Large is 3 PENN ROAD?

3 PENN ROAD is 88m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses houses in Newbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newbury, and where 3 PENN ROAD lies on this distribution: 15% of detached houses houses are smaller than 3 PENN ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Newbury.

3 PENN ROAD: Plot and Title Map

3 PENN ROAD sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 3 PENN ROAD, 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 PENN ROAD). 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 PENN ROAD?

3 PENN ROAD is located in SPEEN, in the RG14 postcode district. The below map shows the position of No. 3 on PENN ROAD.