31, PARK CLOSE, SONNING COMMON, READING, RG4 9RY - £365,000

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.

31 PARK CLOSE is a very small terraced house of 74m², built sometime between 1991 and 1995, which could now be worth an estimated £386,343. It was last sold for £365,000 in November 2020, which was around 10% above the average November 2020 terraced price in the South Oxfordshire local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

31 PARK CLOSE Sold Prices

Land registry data shows three sales for 31 PARK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Oxfordshire local authority area for the corresponding sale date. All of the three 31 PARK 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
2020 17 NOV	£365,000	£333,053	10% above HPI
2006 22 AUG	£229,950	£199,888	15% above HPI
1996 12 JUL	£90,000	£63,365	42% above HPI

31 PARK CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Oxfordshire local authority area over time, sourced from the HPI. The three 31 PARK CLOSE sales between July 1996 and November 2020 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 2006 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2020 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 31 PARK CLOSE be worth now?

31 PARK CLOSE might now be worth an estimated £386,343.

This is based on house price inflation of 5.8%, between November 2020 and June 2025, for terraced houses, in the South Oxfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.8% inflationary increase is applied to the most recent sale price for 31 PARK CLOSE of £365,000 on 17th November 2020. For the value to have increased from £365,000 to £386,343 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 31 PARK CLOSE has moved in line with the HPI for terraced houses in the South Oxfordshire local authority area.
• The November 2020 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 31 PARK CLOSE has not materially changed since November 2020.

How Large is 31 PARK CLOSE?

31 PARK CLOSE is 74m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of terraced houses houses in Sonning Common, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Sonning Common, and where 31 PARK CLOSE lies on this distribution: 7% of terraced houses houses are smaller than 31 PARK CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Sonning Common.

31 PARK CLOSE: Plot and Title Map

31 PARK CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 31 PARK 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 31 PARK 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 31 PARK CLOSE?

31 PARK CLOSE is located in SONNING COMMON, in the RG4 postcode district. The below map shows the position of No. 31 on PARK CLOSE.