3, WESTMINSTER WAY, LOWER EARLEY, READING, RG6 4BX - £465,000

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 WESTMINSTER WAY is a midsized detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £671,136. It was last sold for £465,000 in January 2015, which was around 13% below the average January 2015 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

3 WESTMINSTER WAY Sold Prices

Land registry data shows three sales for 3 WESTMINSTER WAY 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 WESTMINSTER WAY 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
2015 29 JAN	£465,000	£533,277	13% below HPI
1999 28 JUL	£166,950	£206,253	19% below HPI
1995 6 OCT	£115,000	£136,162	16% below HPI

3 WESTMINSTER WAY 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 WESTMINSTER WAY sales between October 1995 and January 2015 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 July 1999 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2015 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 3 WESTMINSTER WAY be worth now?

3 WESTMINSTER WAY might now be worth an estimated £671,136.

This is based on house price inflation of 44.3%, between January 2015 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 44.3% inflationary increase is applied to the most recent sale price for 3 WESTMINSTER WAY of £465,000 on 29th January 2015. For the value to have increased from £465,000 to £671,136 over the eight years and one month to December 2024, the following assumptions must hold true:

• The value of 3 WESTMINSTER WAY has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The January 2015 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WESTMINSTER WAY has not materially changed since January 2015.

How Large is 3 WESTMINSTER WAY?

3 WESTMINSTER WAY is 116m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 50% 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 WESTMINSTER WAY lies on this distribution: 46% of detached houses houses are smaller than 3 WESTMINSTER WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Reading.

3 WESTMINSTER WAY: Plot and Title Map

3 WESTMINSTER WAY sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 3 WESTMINSTER WAY, 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 WESTMINSTER WAY). 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 WESTMINSTER WAY?

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