31, READES LANE, SONNING COMMON, READING, RG4 9LL - £722,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

31 READES LANE is a large extended detached house of 171m², built sometime between 1976 and 1982. It was last sold for £722,000 in April 2022, which was around 5% below the average April 2022 detached price in the South Oxfordshire local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

31 READES LANE Sold Prices

Land registry data shows three sales for 31 READES LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Oxfordshire local authority area for the corresponding sale date. Two of the three 31 READES LANE sales were for below the average price, whilst one was for above 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
2022 14 APR	£722,000	£759,170	5% below HPI
2011 7 SEP	£414,500	£476,162	13% below HPI
1997 20 OCT	£185,000	£171,866	8% above HPI

31 READES LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Oxfordshire local authority area over time, sourced from the HPI. The three 31 READES LANE sales between October 1997 and April 2022 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 September 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 31 READES LANE?

31 READES LANE is 171m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 30% of detached houses in Sonning Common, based on EPC data. The below chart shows the distribution of detached houses by size in Sonning Common, and where 31 READES LANE lies on this distribution: 75% of detached houses are smaller than 31 READES LANE, and 25% of houses are larger. Note that EPC data is not available for all properties in Sonning Common.

31 READES LANE: Plot and Title Map

31 READES LANE sits on a plot of roughly 0.222 of an acre, or 899m². The below map shows the location of 31 READES LANE, 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 READES LANE). 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 READES LANE?

31 READES LANE is located in SONNING COMMON, in the RG4 postcode district. The below map shows the position of No. 31 on READES LANE.