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

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.

MARVIC is a very small detached house of 97m², built sometime between 1967 and 1975, which could now be worth an estimated £762,516. It was last sold for £750,000 in September 2023, which was around 8% 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	£691,741	8% above HPI
2020 21 FEB	£560,000	£584,616	4% 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 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2023 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might MARVIC be worth now?

MARVIC might now be worth an estimated £762,516.

This is based on house price inflation of 1.7%, between September 2023 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 1.7% inflationary increase is applied to the most recent sale price for MARVIC of £750,000 on 22nd September 2023. For the value to have increased from £750,000 to £762,516 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of MARVIC has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The September 2023 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of MARVIC has not materially changed since September 2023.

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 houses in Hermitage, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hermitage, and where MARVIC lies on this distribution: 13% of detached houses houses are smaller than MARVIC, and 87% 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.