61, PARK LANE, TILEHURST, READING, RG31 5DP - £610,000

61 PARK LANE is a large extended detached house of 130m², built sometime between 1930 and 1949. It was last sold for £610,000 in October 2022, which was around 11% below the average October 2022 detached price in the Reading local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

61 PARK LANE Sold Prices

Land registry data shows two sales for 61 PARK LANE 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 61 PARK LANE 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
2022 31 OCT	£610,000	£689,092	11% below HPI
2002 6 DEC	£238,000	£332,831	28% below HPI

61 PARK LANE 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 61 PARK LANE sales from December 2002 and October 2022 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 2002 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 61 PARK LANE?

61 PARK LANE is 130m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the largest 40% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 61 PARK LANE lies on this distribution: 61% of detached houses are smaller than 61 PARK LANE, and 39% of houses are larger. Note that EPC data is not available for all properties in Reading.

61 PARK LANE: Plot and Title Map

61 PARK LANE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 61 PARK LANE, 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 61 PARK LANE). 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 61 PARK LANE?

61 PARK LANE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 61 on PARK LANE.