THE COTTAGE, ELM LANE, LOWER EARLEY, READING, RG6 5UG - £480,000

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

THE COTTAGE is a very large extended detached house of 177m², built sometime between 1950 and 1966. It was last sold for £480,000 in April 2013, which was around 11% above the average April 2013 detached price in the Wokingham local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. One of the two THE COTTAGE 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
2013 12 APR	£480,000	£432,905	11% above HPI
1996 22 MAR	£90,000	£131,181	31% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wokingham local authority area over time, sourced from the HPI. The two THE COTTAGE sales from March 1996 and April 2013 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 March 1996 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the April 2013 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 177m², which includes three extensions, according to the EPC inspection conducted in May 2012. This puts it in the largest 20% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where THE COTTAGE lies on this distribution: 87% of detached houses are smaller than THE COTTAGE, and 13% of houses are larger. Note that EPC data is not available for all properties in Reading.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of THE COTTAGE, 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 THE COTTAGE). 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 THE COTTAGE?

THE COTTAGE is located on ELM LANE in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of THE COTTAGE on ELM LANE.