NORCOT, EAST LANE, CHIEVELEY, NEWBURY, RG20 8UY - £485,000

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

NORCOT is a very small extended detached house of 79m², built sometime between 1950 and 1966. It was last sold for £485,000 in August 2019, which was around 16% below the average August 2019 detached price in the West Berkshire local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was A.

NORCOT Sold Prices

Land registry data shows two sales for NORCOT 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 NORCOT 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
2019 14 AUG	£485,000	£577,873	16% below HPI
2017 16 AUG	£420,000	£569,002	26% below HPI

NORCOT 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 NORCOT sales from August 2017 and August 2019 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 August 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2019 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is NORCOT?

NORCOT is 79m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of detached houses in Chieveley, based on EPC data. The below chart shows the distribution of detached houses by size in Chieveley, and where NORCOT lies on this distribution: 4% of detached houses are smaller than NORCOT, and 94% of houses are larger. Note that EPC data is not available for all properties in Chieveley.

NORCOT: Plot and Title Map

NORCOT sits on a plot of roughly 0.240 of an acre, or 970m². The below map shows the location of NORCOT, 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 NORCOT). 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 NORCOT?

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