83, PARK LANE, TILEHURST, READING, RG31 5DP - £450,000

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

83 PARK LANE is a midsized extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £450,000 in March 2018, which was around 26% below the average March 2018 detached price in the Reading local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

83 PARK LANE Sold Prices

Land registry data shows two sales for 83 PARK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reading local authority area for the corresponding sale date. Both of the two 83 PARK LANE 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
2018 29 MAR	£450,000	£604,402	26% below HPI
2004 30 APR	£243,000	£326,302	26% below HPI

83 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reading local authority area over time, sourced from the HPI. The two 83 PARK LANE sales from April 2004 and March 2018 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 April 2004 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2018 sale, which was also at 26% below the HPI.

How Large is 83 PARK LANE?

83 PARK LANE is 114m², which includes one extension, according to the EPC inspection conducted in October 2017. 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 83 PARK LANE lies on this distribution: 44% of detached houses are smaller than 83 PARK LANE, and 55% of houses are larger. Note that EPC data is not available for all properties in Reading.

83 PARK LANE: Plot and Title Map

83 PARK LANE sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 83 PARK LANE, 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 83 PARK LANE). 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 83 PARK LANE?

83 PARK LANE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 83 on PARK LANE.