34, GROVES LEA, MORTIMER, READING, RG7 3SR - £250,000

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

34 GROVES LEA is a very small semi-detached house of 42m², built sometime between 1967 and 1975, which could now be worth an estimated £296,674. It was last sold for £250,000 in August 2019, which was around 27% below the average August 2019 semi-detached price in the West Berkshire local authority area. The most recent EPC inspection was April 2023, where the current energy rating was E, and the potential energy rating was B.

34 GROVES LEA Sold Prices

Land registry data shows three sales for 34 GROVES LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the West Berkshire local authority area for the corresponding sale date. All of the three 34 GROVES LEA 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
2019 2 AUG	£250,000	£341,748	27% below HPI
2004 19 JUL	£160,000	£198,783	20% below HPI
2002 30 AUG	£130,000	£169,581	23% below HPI

34 GROVES LEA Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Berkshire local authority area over time, sourced from the HPI. The three 34 GROVES LEA sales between August 2002 and August 2019 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 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2019 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 34 GROVES LEA be worth now?

34 GROVES LEA might now be worth an estimated £296,674.

This is based on house price inflation of 18.7%, between August 2019 and December 2024, for semi-detached houses, in the West Berkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.7% inflationary increase is applied to the most recent sale price for 34 GROVES LEA of £250,000 on 2nd August 2019. For the value to have increased from £250,000 to £296,674 over the four years and eight months to December 2024, the following assumptions must hold true:

• The value of 34 GROVES LEA has moved in line with the HPI for semi-detached houses in the West Berkshire local authority area.
• The August 2019 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 34 GROVES LEA has not materially changed since August 2019.

How Large is 34 GROVES LEA?

34 GROVES LEA is 42m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of semi-detached houses houses in Mortimer, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Mortimer, and where 34 GROVES LEA lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 34 GROVES LEA, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Mortimer.

34 GROVES LEA: Plot and Title Map

34 GROVES LEA sits on a plot of roughly 0.033 of an acre, or 135m². The below map shows the location of 34 GROVES LEA, 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 34 GROVES LEA). 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 34 GROVES LEA?

34 GROVES LEA is located in MORTIMER, in the RG7 postcode district. The below map shows the position of No. 34 on GROVES LEA.