ELM PARK, BUNCES LANE, BURGHFIELD COMMON, READING, RG7 3DL - £520,000

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

ELM PARK is a small extended detached house of 115m², built sometime between 1967 and 1975, which could now be worth an estimated £527,104. It was last sold for £520,000 in November 2024, which was around 24% below the average November 2024 detached price in the West Berkshire local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

ELM PARK Sold Prices

Land registry data shows two sales for ELM PARK 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 ELM PARK 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
2024 29 NOV	£520,000	£684,661	24% below HPI
2021 17 FEB	£460,000	£603,231	24% below HPI

ELM PARK 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 ELM PARK sales from February 2021 and November 2024 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 February 2021 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2024 sale, which was also at 24% below the HPI.

What might ELM PARK be worth now?

ELM PARK might now be worth an estimated £527,104.

This is based on house price inflation of 1.4%, between November 2024 and December 2024, 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 1.4% inflationary increase is applied to the most recent sale price for ELM PARK of £520,000 on 29th November 2024. For the value to have increased from £520,000 to £527,104 over the eleven months to December 2024, the following assumptions must hold true:

• The value of ELM PARK has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The November 2024 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of ELM PARK has not materially changed since November 2024.

How Large is ELM PARK?

ELM PARK is 115m², which includes two extensions, according to the EPC inspection conducted in November 2023. This puts it in the smallest 40% of detached houses houses in Burghfield Common, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burghfield Common, and where ELM PARK lies on this distribution: 38% of detached houses houses are smaller than ELM PARK, and 61% of houses are larger. Note that EPC data is not available for all properties in Burghfield Common.

ELM PARK: Plot and Title Map

ELM PARK sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of ELM PARK, 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 PARK). 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 PARK?

ELM PARK is located on BUNCES LANE in BURGHFIELD COMMON, in the RG7 postcode district. The below map shows the position of ELM PARK on BUNCES LANE.