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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

37 GROVES LEA is a very small extended detached house of 101m², built sometime between 1991 and 1995. It was last sold for £485,000 in October 2019, which was around 15% 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	£571,768	15% below HPI
2006 7 APR	£310,000	£356,689	13% below HPI
1998 23 JUL	£162,000	£169,826	5% 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 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2019 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

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 in Mortimer, based on EPC data. The below chart shows the distribution of detached houses by size in Mortimer, and where 37 GROVES LEA lies on this distribution: 18% of detached houses are smaller than 37 GROVES LEA, and 82% 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.