3, ELLESMERE CLOSE, CAVERSHAM, READING, RG4 5HG - £382,500

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.

3 ELLESMERE CLOSE is a very small terraced house of 88m², built sometime between 1950 and 1966, which could now be worth an estimated £514,566. It was last sold for £382,500 in August 2015, which was around 46% above the average August 2015 terraced price in the Reading local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

3 ELLESMERE CLOSE Sold Prices

Land registry data shows two sales for 3 ELLESMERE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Reading local authority area for the corresponding sale date. Both of the two 3 ELLESMERE CLOSE 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
2015 28 AUG	£382,500	£262,304	46% above HPI
2012 7 DEC	£235,000	£200,030	17% above HPI

3 ELLESMERE CLOSE 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 two 3 ELLESMERE CLOSE sales from December 2012 and August 2015 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 December 2012 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the August 2015 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 3 ELLESMERE CLOSE be worth now?

3 ELLESMERE CLOSE might now be worth an estimated £514,566.

This is based on house price inflation of 34.5%, between August 2015 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 34.5% inflationary increase is applied to the most recent sale price for 3 ELLESMERE CLOSE of £382,500 on 28th August 2015. For the value to have increased from £382,500 to £514,566 over the eleven years and three months to May 2026, the following assumptions must hold true:

• The value of 3 ELLESMERE CLOSE has moved in line with the HPI for terraced houses in the Reading local authority area.
• The August 2015 sale price of £382,500 represented a fair market value for the property.
• The size, condition, and specification of 3 ELLESMERE CLOSE has not materially changed since August 2015.

How Large is 3 ELLESMERE CLOSE?

3 ELLESMERE CLOSE is 88m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 10% of terraced houses houses in Caversham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Caversham, and where 3 ELLESMERE CLOSE lies on this distribution: 9% of terraced houses houses are smaller than 3 ELLESMERE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Caversham.

3 ELLESMERE CLOSE: Plot and Title Map

3 ELLESMERE CLOSE sits on a plot of roughly 0.038 of an acre, or 152m². The below map shows the location of 3 ELLESMERE 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 3 ELLESMERE 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 3 ELLESMERE CLOSE?

3 ELLESMERE CLOSE is located in CAVERSHAM, in the RG4 postcode district. The below map shows the position of No. 3 on ELLESMERE CLOSE.