3, RAINWORTH CLOSE, LOWER EARLEY, READING, RG6 4DP - £407,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 RAINWORTH CLOSE is a small extended detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £480,160. It was last sold for £407,500 in October 2020, which was around 38% below the average October 2020 detached price in the Wokingham local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

3 RAINWORTH CLOSE Sold Prices

Land registry data shows three sales for 3 RAINWORTH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the three 3 RAINWORTH 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
2020 15 OCT	£407,500	£659,214	38% below HPI
1998 21 OCT	£132,000	£192,847	32% below HPI
1996 7 AUG	£97,000	£138,849	30% below HPI

3 RAINWORTH 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 three 3 RAINWORTH CLOSE sales between August 1996 and October 2020 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 October 1998 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 3 RAINWORTH CLOSE be worth now?

3 RAINWORTH CLOSE might now be worth an estimated £480,160.

This is based on house price inflation of 17.8%, between October 2020 and February 2025, 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 17.8% inflationary increase is applied to the most recent sale price for 3 RAINWORTH CLOSE of £407,500 on 15th October 2020. For the value to have increased from £407,500 to £480,160 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 RAINWORTH CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The October 2020 sale price of £407,500 represented a fair market value for the property.
• The size, condition, and specification of 3 RAINWORTH CLOSE has not materially changed since October 2020.

How Large is 3 RAINWORTH CLOSE?

3 RAINWORTH CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 30% 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 RAINWORTH CLOSE lies on this distribution: 21% of detached houses houses are smaller than 3 RAINWORTH CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Reading.

3 RAINWORTH CLOSE: Plot and Title Map

3 RAINWORTH CLOSE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 3 RAINWORTH 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 RAINWORTH 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 RAINWORTH CLOSE?

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