42, ORCHARD GROVE, CAVERSHAM, READING, RG4 6NF - £502,000

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

42 ORCHARD GROVE is a very small extended detached house of 98m², built sometime between 1996 and 2002. It was last sold for £502,000 in October 2022, which was around 29% below the average October 2022 detached price in the Reading local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

42 ORCHARD GROVE Sold Prices

Land registry data shows four sales for 42 ORCHARD GROVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reading local authority area for the corresponding sale date. All of the four 42 ORCHARD GROVE 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
2022 7 OCT	£502,000	£702,937	29% below HPI
2009 16 SEP	£280,000	£359,873	22% below HPI
2004 9 JAN	£249,950	£324,056	23% below HPI
2002 24 MAY	£240,000	£302,817	21% below HPI

42 ORCHARD GROVE 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 four 42 ORCHARD GROVE sales between May 2002 and October 2022 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 September 2009 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 42 ORCHARD GROVE?

42 ORCHARD GROVE is 98m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the smallest 20% of detached houses in Caversham, based on EPC data. The below chart shows the distribution of detached houses by size in Caversham, and where 42 ORCHARD GROVE lies on this distribution: 18% of detached houses are smaller than 42 ORCHARD GROVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Caversham.

42 ORCHARD GROVE: Plot and Title Map

42 ORCHARD GROVE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 42 ORCHARD GROVE, 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 42 ORCHARD GROVE). 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 42 ORCHARD GROVE?

42 ORCHARD GROVE is located in CAVERSHAM, in the RG4 postcode district. The below map shows the position of No. 42 on ORCHARD GROVE.