124, 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.

124 PARK LANE is a very small terraced house of 48m², built sometime between 1930 and 1949, which could now be worth an estimated £331,693. It was last sold for £315,000 in May 2023, which was around 4% below the average May 2023 terraced price in the Reading local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

124 PARK LANE Sold Prices

Land registry data shows seven sales for 124 PARK LANE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average terraced price in the Reading local authority area for the corresponding sale date. All of the seven 124 PARK LANE 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
2023 26 MAY	£315,000	£328,196	4% below HPI
2018 4 JUN	£287,500	£299,388	4% below HPI
2014 17 APR	£206,000	£221,133	7% below HPI
2012 13 JAN	£185,000	£193,590	4% below HPI
2007 18 APR	£185,000	£197,953	7% below HPI
2003 19 SEP	£138,000	£147,656	7% below HPI
1996 10 APR	£47,000	£52,010	10% below HPI

124 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 seven 124 PARK LANE sales between April 1996 and May 2023 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 2018 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2023 sale, which was also at 4% below the HPI.

What might 124 PARK LANE be worth now?

124 PARK LANE might now be worth an estimated £331,693.

This is based on house price inflation of 5.3%, between May 2023 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 5.3% inflationary increase is applied to the most recent sale price for 124 PARK LANE of £315,000 on 26th May 2023. For the value to have increased from £315,000 to £331,693 over the one year and ten months to July 2025, the following assumptions must hold true:

• The value of 124 PARK LANE has moved in line with the HPI for terraced houses in the Reading local authority area.
• The May 2023 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 124 PARK LANE has not materially changed since May 2023.

How Large is 124 PARK LANE?

124 PARK LANE is 48m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 10% 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 124 PARK LANE lies on this distribution: 1% of terraced houses houses are smaller than 124 PARK LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Reading.

124 PARK LANE: Plot and Title Map

124 PARK LANE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 124 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 124 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 124 PARK LANE?

124 PARK LANE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 124 on PARK LANE.