43, GROVES LEA, MORTIMER, READING, RG7 3SS - £517,000

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

43 GROVES LEA is a very small detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £594,807. It was last sold for £517,000 in February 2021, which was around 14% below the average February 2021 detached price in the West Berkshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

43 GROVES LEA Sold Prices

Land registry data shows three sales for 43 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 43 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
2021 10 FEB	£517,000	£603,231	14% below HPI
2001 24 JAN	£229,500	£249,976	8% below HPI
1996 20 SEP	£123,000	£135,435	9% below HPI

43 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 43 GROVES LEA sales between September 1996 and February 2021 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 2001 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 43 GROVES LEA be worth now?

43 GROVES LEA might now be worth an estimated £594,807.

This is based on house price inflation of 15%, between February 2021 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 15% inflationary increase is applied to the most recent sale price for 43 GROVES LEA of £517,000 on 10th February 2021. For the value to have increased from £517,000 to £594,807 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 43 GROVES LEA has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The February 2021 sale price of £517,000 represented a fair market value for the property.
• The size, condition, and specification of 43 GROVES LEA has not materially changed since February 2021.

How Large is 43 GROVES LEA?

43 GROVES LEA is 82m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% 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 43 GROVES LEA lies on this distribution: 8% of detached houses houses are smaller than 43 GROVES LEA, and 91% of houses are larger. Note that EPC data is not available for all properties in Mortimer.

43 GROVES LEA: Plot and Title Map

43 GROVES LEA sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 43 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 43 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 43 GROVES LEA?

43 GROVES LEA is located in MORTIMER, in the RG7 postcode district. The below map shows the position of No. 43 on GROVES LEA.