8, PORTER CLOSE, LOWER EARLEY, READING, RG6 4JB - £315,000

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 PORTER CLOSE is a midsized extended detached house of 113m², built sometime between 1983 and 1990. It was last sold for £315,000 in January 2008, which was around 28% below the average January 2008 detached price in the Wokingham local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

8 PORTER CLOSE Sold Prices

Land registry data shows two sales for 8 PORTER 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 PORTER 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
2008 10 JAN	£315,000	£438,852	28% below HPI
1996 31 MAY	£117,500	£132,573	11% below HPI

8 PORTER 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 PORTER CLOSE sales from May 1996 and January 2008 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 May 1996 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2008 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 8 PORTER CLOSE?

8 PORTER CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 50% 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 PORTER CLOSE lies on this distribution: 43% of detached houses are smaller than 8 PORTER CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Reading.

8 PORTER CLOSE: Plot and Title Map

8 PORTER CLOSE sits on a plot of roughly 0.111 of an acre, or 447m². The below map shows the location of 8 PORTER 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 PORTER 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 PORTER CLOSE?

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