1, MELKSHAM CLOSE, LOWER EARLEY, READING, RG6 4AU - £530,000

1 MELKSHAM CLOSE is a large extended detached house of 134m², built sometime between 1983 and 1990. It was last sold for £530,000 in March 2018, which was around 15% below the average March 2018 detached price in the Wokingham local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

1 MELKSHAM CLOSE Sold Prices

Land registry data shows three sales for 1 MELKSHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the three 1 MELKSHAM CLOSE 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
2018 19 MAR	£530,000	£625,524	15% below HPI
2017 8 DEC	£550,000	£620,790	11% below HPI
2004 17 DEC	£284,950	£350,249	19% below HPI

1 MELKSHAM CLOSE 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 three 1 MELKSHAM CLOSE sales between December 2004 and March 2018 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 December 2017 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2018 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 1 MELKSHAM CLOSE?

1 MELKSHAM CLOSE is 134m², which includes three extensions, according to the EPC inspection conducted in February 2017. This puts it in the largest 40% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 1 MELKSHAM CLOSE lies on this distribution: 64% of detached houses are smaller than 1 MELKSHAM CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Reading.

1 MELKSHAM CLOSE: Plot and Title Map

1 MELKSHAM CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 1 MELKSHAM CLOSE, 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 1 MELKSHAM CLOSE). 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 1 MELKSHAM CLOSE?

1 MELKSHAM CLOSE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 1 on MELKSHAM CLOSE.