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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

REIDS is a large detached house of 152m², built sometime between 1976 and 1982, which could now be worth an estimated £678,929. It was last sold for £595,000 in January 2021, which was around 2% below 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. two of the four REIDS sales were for below the average price, and four 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	£608,221	2% below HPI
2015 9 JAN	£500,000	£495,389	1% above HPI
2013 26 JUN	£340,000	£442,902	23% below HPI
2007 15 AUG	£425,000	£419,366	1% 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 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2021 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might REIDS be worth now?

REIDS might now be worth an estimated £678,929.

This is based on house price inflation of 14.1%, between January 2021 and December 2024, 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 14.1% inflationary increase is applied to the most recent sale price for REIDS of £595,000 on 22nd January 2021. For the value to have increased from £595,000 to £678,929 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of REIDS has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The January 2021 sale price of £595,000 represented a fair market value for the property.
• The size, condition, and specification of REIDS has not materially changed since January 2021.

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 houses in Burghfield Common, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burghfield Common, and where REIDS lies on this distribution: 69% of detached houses houses are smaller than REIDS, and 30% 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.