7, LANCASTER CLOSE, READING, RG1 5HB - £730,000

7 LANCASTER CLOSE is a large extended detached house of 140m², built sometime between 1983 and 1990. It was last sold for £730,000 in June 2017, which was around 20% above the average June 2017 detached price in the Reading local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

7 LANCASTER CLOSE Sold Prices

Land registry data shows three sales for 7 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reading local authority area for the corresponding sale date. All of the three 7 LANCASTER 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
2017 23 JUN	£730,000	£610,551	20% above HPI
2004 24 MAY	£395,000	£329,502	20% above HPI
1996 18 DEC	£169,000	£127,443	33% above HPI

7 LANCASTER 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 three 7 LANCASTER CLOSE sales between December 1996 and June 2017 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 May 2004 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the June 2017 sale, which was also at 20% above the HPI.

How Large is 7 LANCASTER CLOSE?

7 LANCASTER CLOSE is 140m², which includes one extension, according to the EPC inspection conducted in February 2017. 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 7 LANCASTER CLOSE lies on this distribution: 68% of detached houses are smaller than 7 LANCASTER CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Reading.

7 LANCASTER CLOSE: Plot and Title Map

7 LANCASTER CLOSE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 7 LANCASTER 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 7 LANCASTER 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 7 LANCASTER CLOSE?

7 LANCASTER CLOSE is located in READING, in the RG1 postcode district. The below map shows the position of No. 7 on LANCASTER CLOSE.