118, PARK LANE, TILEHURST, READING, RG31 4DU - £315,000

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.

118 PARK LANE is a very small extended terraced house of 79m², built sometime between 1930 and 1949, which could now be worth an estimated £370,720. It was last sold for £315,000 in August 2019, which was around 7% above the average August 2019 terraced price in the Reading local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

118 PARK LANE Sold Prices

Land registry data shows five sales for 118 PARK LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Reading local authority area for the corresponding sale date. All of the five 118 PARK LANE 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
2019 21 AUG	£315,000	£293,645	7% above HPI
2016 29 APR	£315,000	£294,988	7% above HPI
2007 6 JUL	£229,950	£204,131	13% above HPI
2003 19 SEP	£179,950	£147,656	22% above HPI
1996 27 SEP	£56,500	£55,212	2% above HPI

118 PARK LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Reading local authority area over time, sourced from the HPI. The five 118 PARK LANE sales between September 1996 and August 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 April 2016 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2019 sale, which was also at 7% above the HPI.

What might 118 PARK LANE be worth now?

118 PARK LANE might now be worth an estimated £370,720.

This is based on house price inflation of 17.7%, between August 2019 and July 2025, for terraced houses, in the Reading local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.7% inflationary increase is applied to the most recent sale price for 118 PARK LANE of £315,000 on 21st August 2019. For the value to have increased from £315,000 to £370,720 over the six years and one month to July 2025, the following assumptions must hold true:

• The value of 118 PARK LANE has moved in line with the HPI for terraced houses in the Reading local authority area.
• The August 2019 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 118 PARK LANE has not materially changed since August 2019.

How Large is 118 PARK LANE?

118 PARK LANE is 79m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of terraced houses houses in Reading, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Reading, and where 118 PARK LANE lies on this distribution: 10% of terraced houses houses are smaller than 118 PARK LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Reading.

118 PARK LANE: Plot and Title Map

118 PARK LANE sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 118 PARK LANE, 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 118 PARK LANE). 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 118 PARK LANE?

118 PARK LANE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 118 on PARK LANE.