MARVIC, DEACONS LANE, HERMITAGE, THATCHAM, RG18 9RH - £750,000

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

MARVIC is a very small detached house of 97m², built sometime between 1967 and 1975. It was last sold for £750,000 in September 2023, which was around 12% above the average September 2023 detached price in the West Berkshire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was F, and the potential energy rating was C.

MARVIC Sold Prices

Land registry data shows two sales for MARVIC 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. One of the two MARVIC sales was for above the average price, whilst the other 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
2023 22 SEP	£750,000	£670,840	12% above HPI
2020 21 FEB	£560,000	£565,793	1% below HPI

MARVIC 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 MARVIC sales from February 2020 and September 2023 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 2020 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2023 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is MARVIC?

MARVIC is 97m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses in Hermitage, based on EPC data. The below chart shows the distribution of detached houses by size in Hermitage, and where MARVIC lies on this distribution: 14% of detached houses are smaller than MARVIC, and 86% of houses are larger. Note that EPC data is not available for all properties in Hermitage.

MARVIC: Plot and Title Map

MARVIC sits on a plot of roughly 0.474 of an acre, or 1,920m². The below map shows the location of MARVIC, 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 MARVIC). 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 MARVIC?

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