15, THE BROOKMILL, READING, RG1 6DD - £342,000

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.

15 THE BROOKMILL is a small terraced house of 94m², built sometime between 1983 and 1990, which could now be worth an estimated £412,602. It was last sold for £342,000 in February 2019, which was around 17% above the average February 2019 terraced price in the Reading local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

15 THE BROOKMILL Sold Prices

Land registry data shows three sales for 15 THE BROOKMILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Reading local authority area for the corresponding sale date. All of the three 15 THE BROOKMILL 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 1 FEB	£342,000	£292,489	17% above HPI
2011 31 AUG	£243,750	£191,120	28% above HPI
2007 14 DEC	£288,000	£209,545	37% above HPI

15 THE BROOKMILL 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 three 15 THE BROOKMILL sales between December 2007 and February 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 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the February 2019 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 15 THE BROOKMILL be worth now?

15 THE BROOKMILL might now be worth an estimated £412,602.

This is based on house price inflation of 20.6%, between February 2019 and May 2026, 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 20.6% inflationary increase is applied to the most recent sale price for 15 THE BROOKMILL of £342,000 on 1st February 2019. For the value to have increased from £342,000 to £412,602 over the six years and nine months to May 2026, the following assumptions must hold true:

• The value of 15 THE BROOKMILL has moved in line with the HPI for terraced houses in the Reading local authority area.
• The February 2019 sale price of £342,000 represented a fair market value for the property.
• The size, condition, and specification of 15 THE BROOKMILL has not materially changed since February 2019.

How Large is 15 THE BROOKMILL?

15 THE BROOKMILL is 94m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 30% 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 15 THE BROOKMILL lies on this distribution: 22% of terraced houses houses are smaller than 15 THE BROOKMILL, and 77% of houses are larger. Note that EPC data is not available for all properties in Reading.

15 THE BROOKMILL: Plot and Title Map

15 THE BROOKMILL sits on a plot of roughly 4.7 acres, or 19,030m². The below map shows the location of 15 THE BROOKMILL, 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 15 THE BROOKMILL). 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 15 THE BROOKMILL?

15 THE BROOKMILL is located in READING, in the RG1 postcode district. The below map shows the position of No. 15 on THE BROOKMILL.