HONEYPOT, EAST LANE, CHIEVELEY, NEWBURY, RG20 8UZ - £485,000

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.

HONEYPOT is a very small detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £565,444. It was last sold for £485,000 in February 2021, which was around 20% below the average February 2021 detached price in the West Berkshire local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

HONEYPOT Sold Prices

Land registry data shows three sales for HONEYPOT 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. All of the three HONEYPOT 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
2021 2 FEB	£485,000	£603,231	20% below HPI
2012 8 NOV	£323,500	£429,819	25% below HPI
2006 20 MAR	£275,000	£358,614	23% below HPI

HONEYPOT 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 HONEYPOT sales between March 2006 and February 2021 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 November 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might HONEYPOT be worth now?

HONEYPOT might now be worth an estimated £565,444.

This is based on house price inflation of 16.6%, between February 2021 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 16.6% inflationary increase is applied to the most recent sale price for HONEYPOT of £485,000 on 2nd February 2021. For the value to have increased from £485,000 to £565,444 over the four years to February 2025, the following assumptions must hold true:

• The value of HONEYPOT has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The February 2021 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of HONEYPOT has not materially changed since February 2021.

How Large is HONEYPOT?

HONEYPOT is 82m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of detached houses houses in Chieveley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chieveley, and where HONEYPOT lies on this distribution: 8% of detached houses houses are smaller than HONEYPOT, and 92% of houses are larger. Note that EPC data is not available for all properties in Chieveley.

HONEYPOT: Plot and Title Map

HONEYPOT sits on a plot of roughly 0.156 of an acre, or 633m². The below map shows the location of HONEYPOT, 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 HONEYPOT). 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 HONEYPOT?

HONEYPOT is located on EAST LANE in CHIEVELEY, in the RG20 postcode district. The below map shows the position of HONEYPOT on EAST LANE.