7, OAK GROVE, EMMER GREEN, READING, RG4 8AW - £565,000

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

7 OAK GROVE is a small detached house of 119m², built sometime between 2007 and 2011. It was last sold for £565,000 in March 2022, which was around 17% below the average March 2022 detached price in the Reading local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

7 OAK GROVE Sold Prices

Land registry data shows two sales for 7 OAK GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reading local authority area for the corresponding sale date. Both of the two 7 OAK GROVE 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
2022 25 MAR	£565,000	£679,008	17% below HPI
2010 30 JUL	£335,000	£397,041	16% below HPI

7 OAK GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reading local authority area over time, sourced from the HPI. The two 7 OAK GROVE sales from July 2010 and March 2022 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 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 7 OAK GROVE be worth now?

7 OAK GROVE might now be worth an estimated £581,130.

This is based on house price inflation of 2.9%, between March 2022 and December 2024, for detached houses, in the Reading local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.9% inflationary increase is applied to the most recent sale price for 7 OAK GROVE of £565,000 on 25th March 2022. For the value to have increased from £565,000 to £581,130 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of 7 OAK GROVE has moved in line with the HPI for detached houses in the Reading local authority area.
• The March 2022 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OAK GROVE has not materially changed since March 2022.

How Large is 7 OAK GROVE?

7 OAK GROVE is 119m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 40% of detached houses houses in Caversham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caversham, and where 7 OAK GROVE lies on this distribution: 37% of detached houses houses are smaller than 7 OAK GROVE, and 62% of houses are larger. Note that EPC data is not available for all properties in Caversham.

7 OAK GROVE: Plot and Title Map

7 OAK GROVE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 7 OAK GROVE, 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 OAK GROVE). 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 OAK GROVE?

7 OAK GROVE is located in EMMER GREEN, in the RG4 postcode district. The below map shows the position of No. 7 on OAK GROVE.