5, WARING CLOSE, LOWER EARLEY, READING, RG6 4JE - £575,000

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

5 WARING CLOSE is a very small extended detached house of 89m², built sometime between 1983 and 1990. It was last sold for £575,000 in October 2023, which was around 22% below the average October 2023 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

5 WARING CLOSE Sold Prices

Land registry data shows two sales for 5 WARING 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 WARING 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
2023 6 OCT	£575,000	£738,600	22% below HPI
1996 18 OCT	£91,000	£138,923	34% below HPI

5 WARING 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 WARING CLOSE sales from October 1996 and October 2023 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 October 1996 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2023 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 5 WARING CLOSE?

5 WARING CLOSE is 89m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 20% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 5 WARING CLOSE lies on this distribution: 18% of detached houses are smaller than 5 WARING CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Reading.

5 WARING CLOSE: Plot and Title Map

5 WARING CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 5 WARING 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 WARING 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 WARING CLOSE?

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