THE NEW HOUSE, CROWN LANE, THEALE, READING, RG7 5BG - £500,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE NEW HOUSE is a small detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £509,197. It was last sold for £500,000 in December 2022, which was around 28% below the average December 2022 detached price in the West Berkshire local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

THE NEW HOUSE Sold Prices

Land registry data shows seven sales for THE NEW HOUSE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. All of the seven THE NEW HOUSE 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
2022 15 DEC	£500,000	£690,582	28% below HPI
2017 2 AUG	£440,000	£587,933	25% below HPI
2003 26 SEP	£230,000	£333,632	31% below HPI
2001 4 JUL	£168,000	£283,515	41% below HPI
2000 29 DEC	£166,000	£250,119	34% below HPI
1998 27 NOV	£115,000	£188,208	39% below HPI
1996 19 SEP	£88,000	£135,435	35% below HPI

THE NEW HOUSE 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 seven THE NEW HOUSE sales between September 1996 and December 2022 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might THE NEW HOUSE be worth now?

THE NEW HOUSE might now be worth an estimated £509,197.

This is based on house price inflation of 1.8%, between December 2022 and February 2025, 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 1.8% inflationary increase is applied to the most recent sale price for THE NEW HOUSE of £500,000 on 15th December 2022. For the value to have increased from £500,000 to £509,197 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of THE NEW HOUSE has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The December 2022 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of THE NEW HOUSE has not materially changed since December 2022.

How Large is THE NEW HOUSE?

THE NEW HOUSE is 88m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 30% of detached houses houses in Theale, based on EPC data. The below chart shows the distribution of detached houses houses by size in Theale, and where THE NEW HOUSE lies on this distribution: 24% of detached houses houses are smaller than THE NEW HOUSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Theale.

THE NEW HOUSE: Plot and Title Map

THE NEW HOUSE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of THE NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

THE NEW HOUSE is located on CROWN LANE in THEALE, in the RG7 postcode district. The below map shows the position of THE NEW HOUSE on CROWN LANE.