88, PARK LANE, TILEHURST, READING, RG31 5DT - £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

88 PARK LANE is a small detached house of 107m², built sometime between 1900 and 1929. It was last sold for £315,000 in July 2009, which was around 10% below the average July 2009 detached price in the Reading local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was C.

88 PARK LANE Sold Prices

Land registry data shows two sales for 88 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 88 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
2009 17 JUL	£315,000	£350,659	10% below HPI
1998 30 JUN	£129,950	£170,175	24% below HPI

88 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 88 PARK LANE sales from June 1998 and July 2009 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 1998 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2009 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 88 PARK LANE?

88 PARK LANE is 107m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 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 88 PARK LANE lies on this distribution: 36% of detached houses are smaller than 88 PARK LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Reading.

88 PARK LANE: Plot and Title Map

88 PARK LANE sits on a plot of roughly 0.145 of an acre, or 585m². The below map shows the location of 88 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 88 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 88 PARK LANE?

88 PARK LANE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 88 on PARK LANE.