THE RIDINGS, EAST LANE, CHIEVELEY, NEWBURY, RG20 8UZ - £550,000

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 RIDINGS is a small extended detached house of 129m², built sometime between 1976 and 1982. It was last sold for £550,000 in July 2023, which was around 16% below the average July 2023 detached price in the West Berkshire local authority area. The most recent EPC inspection was August 2022, where the current energy rating was E, and the potential energy rating was C.

THE RIDINGS Sold Prices

Land registry data shows three sales for THE RIDINGS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. One of the three THE RIDINGS sales was for below the average price, whilst two 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
2023 28 JUL	£550,000	£656,123	16% below HPI
1998 9 OCT	£215,000	£180,216	19% above HPI
1997 6 JUN	£172,000	£145,274	18% above HPI

THE RIDINGS 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 three THE RIDINGS sales between June 1997 and July 2023 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 October 1998 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the July 2023 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is THE RIDINGS?

THE RIDINGS is 129m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 40% of detached houses in Chieveley, based on EPC data. The below chart shows the distribution of detached houses by size in Chieveley, and where THE RIDINGS lies on this distribution: 34% of detached houses are smaller than THE RIDINGS, and 64% of houses are larger. Note that EPC data is not available for all properties in Chieveley.

THE RIDINGS: Plot and Title Map

THE RIDINGS sits on a plot of roughly 0.188 of an acre, or 762m². The below map shows the location of THE RIDINGS, 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 RIDINGS). 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 RIDINGS?

THE RIDINGS is located on EAST LANE in CHIEVELEY, in the RG20 postcode district. The below map shows the position of THE RIDINGS on EAST LANE.