8, BASIL CLOSE, EARLEY, READING, RG6 5GL - £606,000

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

8 BASIL CLOSE is a small detached house of 93m², built sometime between 1976 and 1982, which could now be worth an estimated £625,304. It was last sold for £606,000 in September 2022, which was around 19% below the average September 2022 detached price in the Wokingham local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

8 BASIL CLOSE Sold Prices

Land registry data shows two sales for 8 BASIL 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 8 BASIL 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
2022 14 SEP	£606,000	£745,919	19% below HPI
1997 19 MAR	£126,000	£153,346	18% below HPI

8 BASIL 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 8 BASIL CLOSE sales from March 1997 and September 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 March 1997 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 BASIL CLOSE be worth now?

8 BASIL CLOSE might now be worth an estimated £625,304.

This is based on house price inflation of 3.2%, between September 2022 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 3.2% inflationary increase is applied to the most recent sale price for 8 BASIL CLOSE of £606,000 on 14th September 2022. For the value to have increased from £606,000 to £625,304 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 8 BASIL CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The September 2022 sale price of £606,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BASIL CLOSE has not materially changed since September 2022.

How Large is 8 BASIL CLOSE?

8 BASIL CLOSE is 93m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% 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 8 BASIL CLOSE lies on this distribution: 22% of detached houses houses are smaller than 8 BASIL CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Reading.

8 BASIL CLOSE: Plot and Title Map

8 BASIL CLOSE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 8 BASIL 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 8 BASIL 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 8 BASIL CLOSE?

8 BASIL CLOSE is located in EARLEY, in the RG6 postcode district. The below map shows the position of No. 8 on BASIL CLOSE.