REIDS, SPRINGWOOD LANE, BURGHFIELD COMMON, READING, RG7 3DS - £595,000

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

REIDS is a large detached house of 152m², built sometime between 1976 and 1982. It was last sold for £595,000 in January 2021, which was around 1% above the average January 2021 detached price in the West Berkshire local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

REIDS Sold Prices

Land registry data shows four sales for REIDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. Most of the four REIDS 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	£595,000	£588,637	1% above HPI
2015 9 JAN	£500,000	£479,438	4% above HPI
2013 26 JUN	£340,000	£428,641	21% below HPI
2007 15 AUG	£425,000	£405,863	5% above HPI

REIDS 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 four REIDS sales between August 2007 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 January 2015 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the January 2021 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is REIDS?

REIDS is 152m² according to the EPC inspection conducted in May 2014. This puts it in the largest 40% of detached houses in Burghfield Common, based on EPC data. The below chart shows the distribution of detached houses by size in Burghfield Common, and where REIDS lies on this distribution: 69% of detached houses are smaller than REIDS, and 31% of houses are larger. Note that EPC data is not available for all properties in Burghfield Common.

REIDS: Plot and Title Map

REIDS sits on a plot of roughly 0.186 of an acre, or 751m². The below map shows the location of REIDS, 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 REIDS). 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 REIDS?

REIDS is located on SPRINGWOOD LANE in BURGHFIELD COMMON, in the RG7 postcode district. The below map shows the position of REIDS on SPRINGWOOD LANE.