DERWEN, HAMPSTEAD NORREYS ROAD, HERMITAGE, THATCHAM, RG18 9RZ - £650,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

DERWEN is a large extended detached house of 175m², built sometime between 1976 and 1982, which could now be worth an estimated £656,723. It was last sold for £650,000 in October 2022, which was around 7% below the average October 2022 detached price in the West Berkshire local authority area. The most recent EPC inspection was September 2017, where the current energy rating was B, and the potential energy rating was B.

DERWEN Sold Prices

Land registry data shows two sales for DERWEN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. Both of the two DERWEN 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
2022 28 OCT	£650,000	£696,085	7% below HPI
2003 30 MAY	£279,995	£337,446	17% below HPI

DERWEN 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 two DERWEN sales from May 2003 and October 2022 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 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might DERWEN be worth now?

DERWEN might now be worth an estimated £656,723.

This is based on house price inflation of 1%, between October 2022 and February 2025, for detached houses, in the West Berkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1% inflationary increase is applied to the most recent sale price for DERWEN of £650,000 on 28th October 2022. For the value to have increased from £650,000 to £656,723 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of DERWEN has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The October 2022 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of DERWEN has not materially changed since October 2022.

How Large is DERWEN?

DERWEN is 175m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 40% of detached houses houses in Hermitage, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hermitage, and where DERWEN lies on this distribution: 69% of detached houses houses are smaller than DERWEN, and 30% of houses are larger. Note that EPC data is not available for all properties in Hermitage.

DERWEN: Plot and Title Map

DERWEN sits on a plot of roughly 0.218 of an acre, or 883m². The below map shows the location of DERWEN, 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 DERWEN). 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 DERWEN?

DERWEN is located on HAMPSTEAD NORREYS ROAD in HERMITAGE, in the RG18 postcode district. The below map shows the position of DERWEN on HAMPSTEAD NORREYS ROAD.