8, LILAC CLOSE, PURLEY ON THAMES, READING, RG8 8TG - £380,000

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

8 LILAC CLOSE is a large detached house of 132m², built sometime between 1950 and 1966. It was last sold for £380,000 in February 2023, which was around 44% below the average February 2023 detached price in the West Berkshire local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

8 LILAC CLOSE Sold Prices

Land registry data shows three sales for 8 LILAC CLOSE 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. All of the three 8 LILAC 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
2023 24 FEB	£380,000	£681,408	44% below HPI
2017 4 AUG	£324,500	£569,002	43% below HPI
2003 24 FEB	£148,000	£320,778	54% below HPI

8 LILAC CLOSE 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 LILAC CLOSE sales between February 2003 and February 2023 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 August 2017 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the February 2023 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 8 LILAC CLOSE?

8 LILAC CLOSE is 132m² according to the EPC inspection conducted in March 2016. This puts it in the largest 40% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 8 LILAC CLOSE lies on this distribution: 62% of detached houses are smaller than 8 LILAC CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Reading.

8 LILAC CLOSE: Plot and Title Map

8 LILAC CLOSE sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 8 LILAC 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 LILAC 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 LILAC CLOSE?

8 LILAC CLOSE is located in PURLEY ON THAMES, in the RG8 postcode district. The below map shows the position of No. 8 on LILAC CLOSE.