TREE TOPS, NEW LANE HILL, TILEHURST, READING, RG30 4JN - £707,500

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

TREE TOPS is a very large detached house of 166m², built sometime between 1983 and 1990. It was last sold for £707,500 in May 2024, which was around 6% above the average May 2024 detached price in the West Berkshire local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

TREE TOPS Sold Prices

Land registry data shows two sales for TREE TOPS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. Both of the two TREE TOPS sales 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
2024 29 MAY	£707,500	£667,845	6% above HPI
2024 23 FEB	£650,000	£642,429	1% above HPI

TREE TOPS 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 two TREE TOPS sales from February 2024 and May 2024 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 February 2024 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2024 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is TREE TOPS?

TREE TOPS is 166m² according to the EPC inspection conducted in October 2023. 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 TREE TOPS lies on this distribution: 83% of detached houses are smaller than TREE TOPS, and 17% of houses are larger. Note that EPC data is not available for all properties in Reading.

TREE TOPS: Plot and Title Map

TREE TOPS sits on a plot of roughly 0.174 of an acre, or 705m². The below map shows the location of TREE TOPS, 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 TREE TOPS). 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 TREE TOPS?

TREE TOPS is located on NEW LANE HILL in TILEHURST, in the RG30 postcode district. The below map shows the position of TREE TOPS on NEW LANE HILL.