3, THE GABLES, READING ROAD, CHINEHAM, BASINGSTOKE, RG24 8HD - £350,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 THE GABLES is a small semi-detached house of 93m², built sometime between 2003 and 2006. It was last sold for £350,000 in April 2024, which was around 41% below the average April 2024 detached price in the Basingstoke and Deane local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

3 THE GABLES Sold Prices

Land registry data shows four sales for 3 THE GABLES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Basingstoke and Deane local authority area for the corresponding sale date. Most of the four 3 THE GABLES 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 5 APR	£350,000	£592,171	41% below HPI
2011 27 JUN	£247,000	£351,634	30% below HPI
2007 5 APR	£269,500	£350,903	23% below HPI
2006 31 MAR	£600,000	£313,467	91% above HPI

3 THE GABLES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basingstoke and Deane local authority area over time, sourced from the HPI. The four 3 THE GABLES sales between March 2006 and April 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 2011 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2024 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 3 THE GABLES?

3 THE GABLES is 93m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 30% of detached houses in Basingstoke, based on EPC data. The below chart shows the distribution of detached houses by size in Basingstoke, and where 3 THE GABLES lies on this distribution: 23% of detached houses are smaller than 3 THE GABLES, and 76% of houses are larger. Note that EPC data is not available for all properties in Basingstoke.

3 THE GABLES: Plot and Title Map

3 THE GABLES sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 3 THE GABLES, 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 THE GABLES). 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 THE GABLES?

3 THE GABLES is located on READING ROAD in CHINEHAM, in the RG24 postcode district. The below map shows the position of 3 THE GABLES on READING ROAD.