10, MERRIFIELD CLOSE, LOWER EARLEY, READING, RG6 4BN - £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.

10 MERRIFIELD CLOSE is a midsized extended detached house of 117m², built sometime between 1983 and 1990, which could now be worth an estimated £623,820. It was last sold for £500,000 in May 2019, which was around 19% below the average May 2019 detached price in the Wokingham local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

10 MERRIFIELD CLOSE Sold Prices

Land registry data shows four sales for 10 MERRIFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the four 10 MERRIFIELD 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
2019 3 MAY	£500,000	£619,186	19% below HPI
2011 26 AUG	£250,000	£431,284	42% below HPI
2001 24 OCT	£199,950	£298,367	33% below HPI
1996 12 OCT	£84,000	£143,240	41% below HPI

10 MERRIFIELD 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 four 10 MERRIFIELD CLOSE sales between October 1996 and May 2019 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 2011 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the May 2019 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 10 MERRIFIELD CLOSE be worth now?

10 MERRIFIELD CLOSE might now be worth an estimated £623,820.

This is based on house price inflation of 24.8%, between May 2019 and July 2025, for detached houses, in the Wokingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.8% inflationary increase is applied to the most recent sale price for 10 MERRIFIELD CLOSE of £500,000 on 3rd May 2019. For the value to have increased from £500,000 to £623,820 over the five years and ten months to July 2025, the following assumptions must hold true:

• The value of 10 MERRIFIELD CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The May 2019 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MERRIFIELD CLOSE has not materially changed since May 2019.

How Large is 10 MERRIFIELD CLOSE?

10 MERRIFIELD CLOSE is 117m², which includes three extensions, according to the EPC inspection conducted in February 2019. This puts it in the smallest 50% of detached houses houses in Reading, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reading, and where 10 MERRIFIELD CLOSE lies on this distribution: 47% of detached houses houses are smaller than 10 MERRIFIELD CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Reading.

10 MERRIFIELD CLOSE: Plot and Title Map

10 MERRIFIELD CLOSE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 10 MERRIFIELD 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 10 MERRIFIELD 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 10 MERRIFIELD CLOSE?

10 MERRIFIELD CLOSE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 10 on MERRIFIELD CLOSE.