31, MONKS WAY, READING, RG30 3DP - £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

31 MONKS WAY is a small detached house of 92m², built sometime between 1930 and 1949, which could now be worth an estimated £513,424. It was last sold for £465,000 in August 2017, which was around 26% below the average August 2017 detached price in the Reading local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

31 MONKS WAY Sold Prices

Land registry data shows three sales for 31 MONKS 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 Reading local authority area for the corresponding sale date. All of the three 31 MONKS 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
2017 22 AUG	£465,000	£632,524	26% below HPI
2002 28 MAY	£230,000	£307,959	25% below HPI
2000 15 JUN	£167,000	£254,731	34% below HPI

31 MONKS WAY 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 31 MONKS WAY sales between June 2000 and August 2017 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 May 2002 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2017 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 31 MONKS WAY be worth now?

31 MONKS WAY might now be worth an estimated £513,424.

This is based on house price inflation of 10.4%, between August 2017 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 10.4% inflationary increase is applied to the most recent sale price for 31 MONKS WAY of £465,000 on 22nd August 2017. For the value to have increased from £465,000 to £513,424 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of 31 MONKS WAY has moved in line with the HPI for detached houses in the Reading local authority area.
• The August 2017 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 31 MONKS WAY has not materially changed since August 2017.

How Large is 31 MONKS WAY?

31 MONKS WAY is 92m² according to the EPC inspection conducted in August 2016. 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 31 MONKS WAY lies on this distribution: 21% of detached houses houses are smaller than 31 MONKS WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Reading.

31 MONKS WAY: Plot and Title Map

31 MONKS WAY sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 31 MONKS 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 31 MONKS 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 31 MONKS WAY?

31 MONKS WAY is located in READING, in the RG30 postcode district. The below map shows the position of No. 31 on MONKS WAY.