40, LORNE STREET, READING, RG1 7YN - £585,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 LORNE STREET is a very large extended detached house of 160m², built sometime between 1900 and 1929. It was last sold for £585,000 in August 2016, which was around 5% below the average August 2016 detached price in the Reading local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was D.

40 LORNE STREET Sold Prices

Land registry data shows two sales for 40 LORNE STREET 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 40 LORNE STREET 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
2016 3 AUG	£585,000	£617,048	5% below HPI
2001 25 OCT	£248,750	£284,428	13% below HPI

40 LORNE STREET 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 40 LORNE STREET sales from October 2001 and August 2016 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 October 2001 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2016 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 40 LORNE STREET?

40 LORNE STREET is 160m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 20% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 40 LORNE STREET lies on this distribution: 80% of detached houses are smaller than 40 LORNE STREET, and 19% of houses are larger. Note that EPC data is not available for all properties in Reading.

40 LORNE STREET: Plot and Title Map

40 LORNE STREET sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 40 LORNE STREET, 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 40 LORNE STREET). 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 40 LORNE STREET?

40 LORNE STREET is located in READING, in the RG1 postcode district. The below map shows the position of No. 40 on LORNE STREET.