48, ESSEX WAY, SONNING COMMON, READING, RG4 9RG - £360,000

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

48 ESSEX WAY is a very small detached house of 61m², built sometime between 1983 and 1990. It was last sold for £360,000 in May 2019, which was around 45% below the average May 2019 detached price in the South Oxfordshire local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

48 ESSEX WAY Sold Prices

Land registry data shows five sales for 48 ESSEX WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Oxfordshire local authority area for the corresponding sale date. All of the five 48 ESSEX WAY 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 17 MAY	£360,000	£650,468	45% below HPI
2012 14 DEC	£300,000	£490,353	39% below HPI
2008 10 OCT	£260,000	£430,784	40% below HPI
2005 17 JUN	£235,000	£376,806	38% below HPI
2003 9 OCT	£230,000	£366,496	37% below HPI

48 ESSEX WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Oxfordshire local authority area over time, sourced from the HPI. The five 48 ESSEX WAY sales between October 2003 and May 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 December 2012 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the May 2019 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 48 ESSEX WAY?

48 ESSEX WAY is 61m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% of detached houses in Sonning Common, based on EPC data. The below chart shows the distribution of detached houses by size in Sonning Common, and where 48 ESSEX WAY lies on this distribution: 3% of detached houses are smaller than 48 ESSEX WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Sonning Common.

48 ESSEX WAY: Plot and Title Map

48 ESSEX WAY sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 48 ESSEX WAY, 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 48 ESSEX WAY). 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 48 ESSEX WAY?

48 ESSEX WAY is located in SONNING COMMON, in the RG4 postcode district. The below map shows the position of No. 48 on ESSEX WAY.