NETHERWOOD, GARDEN CLOSE LANE, NEWBURY, RG14 6PR - £1,040,000

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

NETHERWOOD is a very large extended detached house of 220m², built sometime between 1930 and 1949. It was last sold for £1,040,000 in January 2021, which was around 77% above the average January 2021 detached price in the West Berkshire local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

NETHERWOOD Sold Prices

Land registry data shows two sales for NETHERWOOD 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 NETHERWOOD sales were for above 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 22 JAN	£1,040,000	£588,637	77% above HPI
1997 4 APR	£325,000	£140,738	131% above HPI

NETHERWOOD 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 NETHERWOOD sales from April 1997 and January 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 April 1997 sale was for 131% above the HPI. So the extrapolation line tracks at 131% above the HPI over time, until the January 2021 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

How Large is NETHERWOOD?

NETHERWOOD is 220m², which includes three extensions, according to the EPC inspection conducted in February 2020. This puts it in the largest 10% of detached houses in Newbury, based on EPC data. The below chart shows the distribution of detached houses by size in Newbury, and where NETHERWOOD lies on this distribution: 92% of detached houses are smaller than NETHERWOOD, and 8% of houses are larger. Note that EPC data is not available for all properties in Newbury.

NETHERWOOD: Plot and Title Map

NETHERWOOD sits on a plot of roughly 0.763 of an acre, or 3,089m². The below map shows the location of NETHERWOOD, 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 NETHERWOOD). 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 NETHERWOOD?

NETHERWOOD is located on GARDEN CLOSE LANE in NEWBURY, in the RG14 postcode district. The below map shows the position of NETHERWOOD on GARDEN CLOSE LANE.