ELM LEA, DEACONS LANE, HERMITAGE, THATCHAM, RG18 9RH - £785,000

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

ELM LEA is a large extended detached house of 177m², built sometime between 2003 and 2006. It was last sold for £785,000 in March 2020, which was around 40% above the average March 2020 detached price in the West Berkshire local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

ELM LEA Sold Prices

Land registry data shows three sales for ELM LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. Two of the three ELM LEA sales were for above the average price, whilst one was 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
2020 26 MAR	£785,000	£562,175	40% above HPI
2012 19 OCT	£459,950	£415,747	11% above HPI
2005 16 AUG	£235,000	£342,082	31% below HPI

ELM LEA 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 three ELM LEA sales between August 2005 and March 2020 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 October 2012 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2020 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is ELM LEA?

ELM LEA is 177m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the largest 30% of detached houses in Hermitage, based on EPC data. The below chart shows the distribution of detached houses by size in Hermitage, and where ELM LEA lies on this distribution: 71% of detached houses are smaller than ELM LEA, and 29% of houses are larger. Note that EPC data is not available for all properties in Hermitage.

ELM LEA: Plot and Title Map

ELM LEA sits on a plot of roughly 0.222 of an acre, or 898m². The below map shows the location of ELM LEA, 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 ELM LEA). 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 ELM LEA?

ELM LEA is located on DEACONS LANE in HERMITAGE, in the RG18 postcode district. The below map shows the position of ELM LEA on DEACONS LANE.