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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE NEW HOUSE is a small detached house of 88m², built sometime between 1967 and 1975. It was last sold for £500,000 in December 2022, which was around 25% 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	£668,346	25% below HPI
2017 2 AUG	£440,000	£569,002	23% below HPI
2003 26 SEP	£230,000	£322,890	29% below HPI
2001 4 JUL	£168,000	£274,386	39% below HPI
2000 29 DEC	£166,000	£242,066	31% below HPI
1998 27 NOV	£115,000	£182,148	37% below HPI
1996 19 SEP	£88,000	£131,074	33% 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 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2022 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

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 in Theale, based on EPC data. The below chart shows the distribution of detached houses by size in Theale, and where THE NEW HOUSE lies on this distribution: 25% of detached 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.