7, WHEATLEY CLOSE, READING, RG2 8LP - £325,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 WHEATLEY CLOSE is a very small semi-detached house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £384,076. It was last sold for £325,000 in January 2020, which was around 11% below the average January 2020 semi-detached price in the Reading local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

7 WHEATLEY CLOSE Sold Prices

Land registry data shows three sales for 7 WHEATLEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Reading local authority area for the corresponding sale date. All of the three 7 WHEATLEY 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
2020 3 JAN	£325,000	£364,406	11% below HPI
2007 15 MAR	£229,950	£241,671	5% below HPI
2002 27 SEP	£182,500	£184,628	1% below HPI

7 WHEATLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Reading local authority area over time, sourced from the HPI. The three 7 WHEATLEY CLOSE sales between September 2002 and January 2020 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 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 7 WHEATLEY CLOSE be worth now?

7 WHEATLEY CLOSE might now be worth an estimated £384,076.

This is based on house price inflation of 18.2%, between January 2020 and February 2025, for semi-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 18.2% inflationary increase is applied to the most recent sale price for 7 WHEATLEY CLOSE of £325,000 on 3rd January 2020. For the value to have increased from £325,000 to £384,076 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 7 WHEATLEY CLOSE has moved in line with the HPI for semi-detached houses in the Reading local authority area.
• The January 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WHEATLEY CLOSE has not materially changed since January 2020.

How Large is 7 WHEATLEY CLOSE?

7 WHEATLEY CLOSE is 78m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of semi-detached houses houses in Reading, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Reading, and where 7 WHEATLEY CLOSE lies on this distribution: 10% of semi-detached houses houses are smaller than 7 WHEATLEY CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Reading.

7 WHEATLEY CLOSE: Plot and Title Map

7 WHEATLEY CLOSE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 7 WHEATLEY 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 7 WHEATLEY 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 7 WHEATLEY CLOSE?

7 WHEATLEY CLOSE is located in READING, in the RG2 postcode district. The below map shows the position of No. 7 on WHEATLEY CLOSE.