12, MORLAIS, EMMER GREEN, READING, RG4 8PQ - £515,000

12 MORLAIS is a very small extended detached house of 72m², built sometime between 1991 and 1995. It was last sold for £515,000 in August 2022, which was around 25% below the average August 2022 detached price in the Reading local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

12 MORLAIS Sold Prices

Land registry data shows four sales for 12 MORLAIS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reading local authority area for the corresponding sale date. Most of the four 12 MORLAIS 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
2022 26 AUG	£515,000	£689,228	25% below HPI
2017 22 JUN	£398,000	£610,551	35% below HPI
1997 4 JUL	£128,500	£137,373	6% below HPI
1995 29 DEC	£124,950	£113,010	11% above HPI

12 MORLAIS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reading local authority area over time, sourced from the HPI. The four 12 MORLAIS sales between December 1995 and August 2022 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 June 2017 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 12 MORLAIS?

12 MORLAIS is 72m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Caversham, based on EPC data. The below chart shows the distribution of detached houses by size in Caversham, and where 12 MORLAIS lies on this distribution: 3% of detached houses are smaller than 12 MORLAIS, and 97% of houses are larger. Note that EPC data is not available for all properties in Caversham.

12 MORLAIS: Plot and Title Map

12 MORLAIS sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 12 MORLAIS, 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 12 MORLAIS). 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 12 MORLAIS?

12 MORLAIS is located in EMMER GREEN, in the RG4 postcode district. The below map shows the position of No. 12 on MORLAIS.