37, GROVES LEA, MORTIMER, READING, RG7 3SS - £485,000

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 GROVES LEA is a very small extended detached house of 101m², built sometime between 1991 and 1995, which could now be worth an estimated £569,741. It was last sold for £485,000 in October 2019, which was around 18% below the average October 2019 detached price in the West Berkshire local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

37 GROVES LEA Sold Prices

Land registry data shows three sales for 37 GROVES LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. All of the three 37 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 16 OCT	£485,000	£590,790	18% below HPI
2006 7 APR	£310,000	£368,556	16% below HPI
1998 23 JUL	£162,000	£175,476	8% below HPI

37 GROVES LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Berkshire local authority area over time, sourced from the HPI. The three 37 GROVES LEA sales between July 1998 and October 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 April 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2019 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 37 GROVES LEA be worth now?

37 GROVES LEA might now be worth an estimated £569,741.

This is based on house price inflation of 17.5%, between October 2019 and December 2024, for 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 17.5% inflationary increase is applied to the most recent sale price for 37 GROVES LEA of £485,000 on 16th October 2019. For the value to have increased from £485,000 to £569,741 over the four years and ten months to December 2024, the following assumptions must hold true:

• The value of 37 GROVES LEA has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The October 2019 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 37 GROVES LEA has not materially changed since October 2019.

How Large is 37 GROVES LEA?

37 GROVES LEA is 101m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% of detached houses houses in Mortimer, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mortimer, and where 37 GROVES LEA lies on this distribution: 19% of detached houses houses are smaller than 37 GROVES LEA, and 81% of houses are larger. Note that EPC data is not available for all properties in Mortimer.

37 GROVES LEA: Plot and Title Map

37 GROVES LEA sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 37 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 37 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 37 GROVES LEA?

37 GROVES LEA is located in MORTIMER, in the RG7 postcode district. The below map shows the position of No. 37 on GROVES LEA.