5, MERRIFIELD CLOSE, LOWER EARLEY, READING, RG6 4BN - £415,000

5 MERRIFIELD CLOSE is a very small extended detached house of 82m², built sometime between 1983 and 1990. It was last sold for £415,000 in March 2019, which was around 31% below the average March 2019 detached price in the Wokingham local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

5 MERRIFIELD CLOSE Sold Prices

Land registry data shows two sales for 5 MERRIFIELD 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 Wokingham local authority area for the corresponding sale date. Both of the two 5 MERRIFIELD 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 25 MAR	£415,000	£601,839	31% below HPI
1995 6 OCT	£107,000	£132,059	19% below HPI

5 MERRIFIELD CLOSE 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 two 5 MERRIFIELD CLOSE sales from October 1995 and March 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 October 1995 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2019 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 5 MERRIFIELD CLOSE?

5 MERRIFIELD CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the smallest 20% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 5 MERRIFIELD CLOSE lies on this distribution: 13% of detached houses are smaller than 5 MERRIFIELD CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Reading.

5 MERRIFIELD CLOSE: Plot and Title Map

5 MERRIFIELD CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 5 MERRIFIELD 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 5 MERRIFIELD 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 5 MERRIFIELD CLOSE?

5 MERRIFIELD CLOSE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 5 on MERRIFIELD CLOSE.