9, ELVEDEN CLOSE, LOWER EARLEY, READING, RG6 3AX - £547,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

9 ELVEDEN CLOSE is a small extended detached house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £550,112. It was last sold for £547,500 in February 2023, which was around 29% below the average February 2023 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

9 ELVEDEN CLOSE Sold Prices

Land registry data shows five sales for 9 ELVEDEN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the five 9 ELVEDEN 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 3 FEB	£547,500	£766,025	29% below HPI
2015 6 MAR	£407,000	£536,839	24% below HPI
2005 20 DEC	£249,500	£366,981	32% below HPI
2002 21 FEB	£210,000	£302,410	31% below HPI
1996 18 OCT	£95,150	£143,240	34% below HPI

9 ELVEDEN 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 five 9 ELVEDEN CLOSE sales between October 1996 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 March 2015 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2023 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 9 ELVEDEN CLOSE be worth now?

9 ELVEDEN CLOSE might now be worth an estimated £550,112.

This is based on house price inflation of 0.5%, between February 2023 and December 2024, for detached houses, in the Wokingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.5% inflationary increase is applied to the most recent sale price for 9 ELVEDEN CLOSE of £547,500 on 3rd February 2023. For the value to have increased from £547,500 to £550,112 over the two months to December 2024, the following assumptions must hold true:

• The value of 9 ELVEDEN CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The February 2023 sale price of £547,500 represented a fair market value for the property.
• The size, condition, and specification of 9 ELVEDEN CLOSE has not materially changed since February 2023.

How Large is 9 ELVEDEN CLOSE?

9 ELVEDEN CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses houses in Reading, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reading, and where 9 ELVEDEN CLOSE lies on this distribution: 22% of detached houses houses are smaller than 9 ELVEDEN CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Reading.

9 ELVEDEN CLOSE: Plot and Title Map

9 ELVEDEN CLOSE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 9 ELVEDEN 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 9 ELVEDEN 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 9 ELVEDEN CLOSE?

9 ELVEDEN CLOSE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 9 on ELVEDEN CLOSE.