37, ELLESMERE CLOSE, CAVERSHAM, READING, RG4 5HG - £170,000

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

37 ELLESMERE CLOSE is a very small detached house of 88m², built sometime between 1950 and 1966, which could now be worth an estimated £451,842. It was last sold for £170,000 in May 2001, which was around 35% below the average May 2001 detached price in the Reading local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

37 ELLESMERE CLOSE Sold Prices

Land registry data shows two sales for 37 ELLESMERE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reading local authority area for the corresponding sale date. Both of the two 37 ELLESMERE CLOSE 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
2001 11 MAY	£170,000	£262,762	35% below HPI
1997 3 JAN	£95,000	£129,480	27% below HPI

37 ELLESMERE CLOSE 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 two 37 ELLESMERE CLOSE sales from January 1997 and May 2001 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 January 1997 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2001 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 37 ELLESMERE CLOSE be worth now?

37 ELLESMERE CLOSE might now be worth an estimated £451,842.

This is based on house price inflation of 165.8%, between May 2001 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 165.8% inflationary increase is applied to the most recent sale price for 37 ELLESMERE CLOSE of £170,000 on 11th May 2001. For the value to have increased from £170,000 to £451,842 over the 22 years and five months to December 2024, the following assumptions must hold true:

• The value of 37 ELLESMERE CLOSE has moved in line with the HPI for detached houses in the Reading local authority area.
• The May 2001 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 37 ELLESMERE CLOSE has not materially changed since May 2001.

How Large is 37 ELLESMERE CLOSE?

37 ELLESMERE CLOSE is 88m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses houses in Caversham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caversham, and where 37 ELLESMERE CLOSE lies on this distribution: 10% of detached houses houses are smaller than 37 ELLESMERE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Caversham.

37 ELLESMERE CLOSE: Plot and Title Map

37 ELLESMERE CLOSE sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of 37 ELLESMERE CLOSE, 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 37 ELLESMERE CLOSE). 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 37 ELLESMERE CLOSE?

37 ELLESMERE CLOSE is located in CAVERSHAM, in the RG4 postcode district. The below map shows the position of No. 37 on ELLESMERE CLOSE.