8, ESSEX PLACE, LAMBOURN, HUNGERFORD, RG17 8QF - £645,000

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.

8 ESSEX PLACE is a large extended detached house of 157m², built sometime between 1967 and 1975, which could now be worth an estimated £700,567. It was last sold for £645,000 in November 2021, which was about the average November 2021 detached price in the West Berkshire local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was C.

8 ESSEX PLACE Sold Prices

Land registry data shows three sales for 8 ESSEX PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. The three 8 ESSEX PLACE sales were a mix of roughly equal to the average price, above the average price, and 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
2021 29 NOV	£645,000	£647,502	Close to HPI
2020 26 JUN	£357,000	£576,006	38% below HPI
2006 7 APR	£400,000	£368,556	9% above HPI

8 ESSEX PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Berkshire local authority area over time, sourced from the HPI. The three 8 ESSEX PLACE sales between April 2006 and November 2021 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 June 2020 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 8 ESSEX PLACE be worth now?

8 ESSEX PLACE might now be worth an estimated £700,567.

This is based on house price inflation of 8.6%, between November 2021 and February 2025, for detached houses, in the West Berkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.6% inflationary increase is applied to the most recent sale price for 8 ESSEX PLACE of £645,000 on 29th November 2021. For the value to have increased from £645,000 to £700,567 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 ESSEX PLACE has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The November 2021 sale price of £645,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ESSEX PLACE has not materially changed since November 2021.

How Large is 8 ESSEX PLACE?

8 ESSEX PLACE is 157m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 40% of detached houses houses in Lambourn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lambourn, and where 8 ESSEX PLACE lies on this distribution: 65% of detached houses houses are smaller than 8 ESSEX PLACE, and 35% of houses are larger. Note that EPC data is not available for all properties in Lambourn.

8 ESSEX PLACE: Plot and Title Map

8 ESSEX PLACE sits on a plot of roughly 0.198 of an acre, or 801m². The below map shows the location of 8 ESSEX PLACE, 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 ESSEX PLACE). 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 ESSEX PLACE?

8 ESSEX PLACE is located in LAMBOURN, in the RG17 postcode district. The below map shows the position of No. 8 on ESSEX PLACE.