48, MOORHEN DRIVE, LOWER EARLEY, READING, RG6 4NZ - £485,000

48 MOORHEN DRIVE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £485,000 in June 2023, which was around 37% below the average June 2023 detached price in the Wokingham 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.

48 MOORHEN DRIVE Sold Prices

Land registry data shows six sales for 48 MOORHEN DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the six 48 MOORHEN DRIVE 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 19 JUN	£485,000	£773,831	37% below HPI
2019 23 APR	£390,000	£608,396	36% below HPI
2013 26 JUN	£273,000	£431,369	37% below HPI
2006 17 MAR	£240,000	£361,688	34% below HPI
2000 31 OCT	£168,000	£265,789	37% below HPI
1999 16 APR	£138,950	£192,551	28% below HPI

48 MOORHEN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wokingham local authority area over time, sourced from the HPI. The six 48 MOORHEN DRIVE sales between April 1999 and June 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 April 2019 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2023 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 48 MOORHEN DRIVE?

48 MOORHEN DRIVE is 72m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 48 MOORHEN DRIVE lies on this distribution: 7% of detached houses are smaller than 48 MOORHEN DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Reading.

48 MOORHEN DRIVE: Plot and Title Map

48 MOORHEN DRIVE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 48 MOORHEN DRIVE, 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 48 MOORHEN DRIVE). 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 48 MOORHEN DRIVE?

48 MOORHEN DRIVE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 48 on MOORHEN DRIVE.