5, NORTHAM CLOSE, LOWER EARLEY, READING, RG6 3AJ - £506,000

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 NORTHAM CLOSE is a very small detached house of 59m², built sometime between 1991 and 1995, which could now be worth an estimated £527,190. It was last sold for £506,000 in July 2024, which was around 32% below the average July 2024 detached price in the Wokingham local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

5 NORTHAM CLOSE Sold Prices

Land registry data shows four sales for 5 NORTHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the four 5 NORTHAM 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
2024 26 JUL	£506,000	£738,744	32% below HPI
2022 19 JAN	£423,900	£710,525	40% below HPI
2009 30 JUL	£250,000	£383,933	35% below HPI
2005 15 DEC	£225,000	£366,981	39% below HPI

5 NORTHAM 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 four 5 NORTHAM CLOSE sales between December 2005 and July 2024 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 2022 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2024 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 5 NORTHAM CLOSE be worth now?

5 NORTHAM CLOSE might now be worth an estimated £527,190.

This is based on house price inflation of 4.2%, between July 2024 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 4.2% inflationary increase is applied to the most recent sale price for 5 NORTHAM CLOSE of £506,000 on 26th July 2024. For the value to have increased from £506,000 to £527,190 over the seven months to December 2024, the following assumptions must hold true:

• The value of 5 NORTHAM CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The July 2024 sale price of £506,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NORTHAM CLOSE has not materially changed since July 2024.

How Large is 5 NORTHAM CLOSE?

5 NORTHAM CLOSE is 59m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 10% 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 NORTHAM CLOSE lies on this distribution: 2% of detached houses houses are smaller than 5 NORTHAM CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Reading.

5 NORTHAM CLOSE: Plot and Title Map

5 NORTHAM CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 5 NORTHAM 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 NORTHAM 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 NORTHAM CLOSE?

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