FLORAL BANK, GREENHAM ROAD, NEWBURY, RG14 7JL - £480,000

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

FLORAL BANK is a very small extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £480,000 in November 2024, which was around 30% below the average November 2024 detached price in the West Berkshire local authority area. The most recent EPC inspection was May 2023, where the current energy rating was E, and the potential energy rating was C.

FLORAL BANK Sold Prices

Land registry data shows two sales for FLORAL BANK 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 FLORAL BANK 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 7 NOV	£480,000	£684,661	30% below HPI
2002 20 MAY	£250,000	£291,297	14% below HPI

FLORAL BANK 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 FLORAL BANK sales from May 2002 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 May 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2024 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might FLORAL BANK be worth now?

FLORAL BANK might now be worth an estimated £486,558.

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 FLORAL BANK of £480,000 on 7th November 2024. For the value to have increased from £480,000 to £486,558 over the eleven months to December 2024, the following assumptions must hold true:

• The value of FLORAL BANK has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The November 2024 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of FLORAL BANK has not materially changed since November 2024.

How Large is FLORAL BANK?

FLORAL BANK is 88m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses houses in Newbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newbury, and where FLORAL BANK lies on this distribution: 15% of detached houses houses are smaller than FLORAL BANK, and 84% of houses are larger. Note that EPC data is not available for all properties in Newbury.

FLORAL BANK: Plot and Title Map

FLORAL BANK sits on a plot of roughly 0.290 of an acre, or 1,174m². The below map shows the location of FLORAL BANK, 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 FLORAL BANK). 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 FLORAL BANK?

FLORAL BANK is located on GREENHAM ROAD in NEWBURY, in the RG14 postcode district. The below map shows the position of FLORAL BANK on GREENHAM ROAD.