7, ESSEX WAY, SONNING COMMON, READING, RG4 9RG - £390,000

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

7 ESSEX WAY is a very small detached house of 62m², built sometime between 1983 and 1990. It was last sold for £390,000 in November 2016, which was around 38% below the average November 2016 detached price in the South Oxfordshire local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

7 ESSEX WAY Sold Prices

Land registry data shows two sales for 7 ESSEX WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Oxfordshire local authority area for the corresponding sale date. Both of the two 7 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
2016 17 NOV	£390,000	£631,262	38% below HPI
2013 5 MAR	£285,000	£497,337	43% below HPI

7 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 two 7 ESSEX WAY sales from March 2013 and November 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 March 2013 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the November 2016 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 7 ESSEX WAY?

7 ESSEX WAY is 62m² according to the EPC inspection conducted in September 2012. 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 7 ESSEX WAY lies on this distribution: 4% of detached houses are smaller than 7 ESSEX WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Sonning Common.

7 ESSEX WAY: Plot and Title Map

7 ESSEX WAY sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 7 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 7 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 7 ESSEX WAY?

7 ESSEX WAY is located in SONNING COMMON, in the RG4 postcode district. The below map shows the position of No. 7 on ESSEX WAY.