5, FORMBY CLOSE, EARLEY, READING, RG6 7XH - £483,000

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

5 FORMBY CLOSE is a large extended detached house of 133m², built sometime between 1976 and 1982, which could now be worth an estimated £607,982. It was last sold for £483,000 in February 2016, which was around 21% below the average February 2016 detached price in the Wokingham local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

5 FORMBY CLOSE Sold Prices

Land registry data shows two sales for 5 FORMBY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. Both of the two 5 FORMBY CLOSE 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 18 FEB	£483,000	£611,458	21% below HPI
2011 15 JUL	£320,000	£436,461	27% below HPI

5 FORMBY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wokingham local authority area over time, sourced from the HPI. The two 5 FORMBY CLOSE sales from July 2011 and February 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 July 2011 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2016 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 5 FORMBY CLOSE be worth now?

5 FORMBY CLOSE might now be worth an estimated £607,982.

This is based on house price inflation of 25.9%, between February 2016 and December 2024, for detached houses, in the Wokingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.9% inflationary increase is applied to the most recent sale price for 5 FORMBY CLOSE of £483,000 on 18th February 2016. For the value to have increased from £483,000 to £607,982 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of 5 FORMBY CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The February 2016 sale price of £483,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FORMBY CLOSE has not materially changed since February 2016.

How Large is 5 FORMBY CLOSE?

5 FORMBY CLOSE is 133m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the largest 40% of detached houses houses in Reading, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reading, and where 5 FORMBY CLOSE lies on this distribution: 63% of detached houses houses are smaller than 5 FORMBY CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Reading.

5 FORMBY CLOSE: Plot and Title Map

5 FORMBY CLOSE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 5 FORMBY CLOSE, 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 5 FORMBY CLOSE). 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 5 FORMBY CLOSE?

5 FORMBY CLOSE is located in EARLEY, in the RG6 postcode district. The below map shows the position of No. 5 on FORMBY CLOSE.