CLEVELAND, PELICAN LANE, NEWBURY, RG14 1NU - £375,000

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

CLEVELAND is a small extended semi-detached house of 97m², built sometime between 1900 and 1929. It was last sold for £375,000 in May 2019, which was around 34% below the average May 2019 detached price in the West Berkshire local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was E.

CLEVELAND Sold Prices

Land registry data shows four sales for CLEVELAND since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. All of the four CLEVELAND 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
2019 30 MAY	£375,000	£567,589	34% below HPI
2010 16 SEP	£272,500	£403,210	32% below HPI
2007 1 FEB	£268,000	£378,237	29% below HPI
1997 20 JUN	£84,000	£145,274	42% below HPI

CLEVELAND 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 four CLEVELAND sales between June 1997 and May 2019 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 September 2010 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2019 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is CLEVELAND?

CLEVELAND is 97m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% of detached houses in Newbury, based on EPC data. The below chart shows the distribution of detached houses by size in Newbury, and where CLEVELAND lies on this distribution: 24% of detached houses are smaller than CLEVELAND, and 76% of houses are larger. Note that EPC data is not available for all properties in Newbury.

CLEVELAND: Plot and Title Map

CLEVELAND sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of CLEVELAND, 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 CLEVELAND). 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 CLEVELAND?

CLEVELAND is located on PELICAN LANE in NEWBURY, in the RG14 postcode district. The below map shows the position of CLEVELAND on PELICAN LANE.