3, SCHOLARS CLOSE, CAVERSHAM, READING, RG4 7DN - £550,000

3 SCHOLARS CLOSE is a very small extended detached house of 96m², built sometime between 1976 and 1982. It was last sold for £550,000 in February 2019, which was around 8% below the average February 2019 detached price in the Reading local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

3 SCHOLARS CLOSE Sold Prices

Land registry data shows two sales for 3 SCHOLARS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reading local authority area for the corresponding sale date. Both of the two 3 SCHOLARS CLOSE 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
2019 1 FEB	£550,000	£601,082	8% below HPI
2004 1 MAR	£275,000	£326,078	16% below HPI

3 SCHOLARS CLOSE 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 two 3 SCHOLARS CLOSE sales from March 2004 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 March 2004 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 3 SCHOLARS CLOSE?

3 SCHOLARS CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 20% of detached houses in Caversham, based on EPC data. The below chart shows the distribution of detached houses by size in Caversham, and where 3 SCHOLARS CLOSE lies on this distribution: 17% of detached houses are smaller than 3 SCHOLARS CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Caversham.

3 SCHOLARS CLOSE: Plot and Title Map

3 SCHOLARS CLOSE sits on a plot of roughly 0.235 of an acre, or 949m². The below map shows the location of 3 SCHOLARS 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 SCHOLARS 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 SCHOLARS CLOSE?

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