348, THE MEADWAY, TILEHURST, READING, RG30 4NX - £116,000

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

348 THE MEADWAY is a very small detached house of 91m², built sometime between 1930 and 1949, which could now be worth an estimated £450,601. It was last sold for £116,000 in April 1999, which was around 35% below the average April 1999 detached price in the Reading local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

348 THE MEADWAY Sold Prices

Land registry data shows three sales for 348 THE MEADWAY 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 348 THE MEADWAY 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
1999 30 APR	£116,000	£179,790	35% below HPI
1998 15 JUL	£127,500	£172,750	26% below HPI
1998 5 MAR	£98,000	£160,865	39% below HPI

348 THE MEADWAY 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 348 THE MEADWAY sales between March 1998 and April 1999 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 1998 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the April 1999 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 348 THE MEADWAY be worth now?

348 THE MEADWAY might now be worth an estimated £450,601.

This is based on house price inflation of 288.4%, between April 1999 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 288.4% inflationary increase is applied to the most recent sale price for 348 THE MEADWAY of £116,000 on 30th April 1999. For the value to have increased from £116,000 to £450,601 over the 24 years and four months to December 2024, the following assumptions must hold true:

• The value of 348 THE MEADWAY has moved in line with the HPI for detached houses in the Reading local authority area.
• The April 1999 sale price of £116,000 represented a fair market value for the property.
• The size, condition, and specification of 348 THE MEADWAY has not materially changed since April 1999.

How Large is 348 THE MEADWAY?

348 THE MEADWAY is 91m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% 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 348 THE MEADWAY lies on this distribution: 20% of detached houses houses are smaller than 348 THE MEADWAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Reading.

348 THE MEADWAY: Plot and Title Map

348 THE MEADWAY sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 348 THE MEADWAY, 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 348 THE MEADWAY). 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 348 THE MEADWAY?

348 THE MEADWAY is located in TILEHURST, in the RG30 postcode district. The below map shows the position of No. 348 on THE MEADWAY.