71, PARK LANE, TILEHURST, READING, RG31 5DP - £362,500

71 PARK LANE is a small detached house of 97m², built sometime between 1950 and 1966. It was last sold for £362,500 in March 2023, which was around 47% below the average March 2023 detached price in the Reading local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

71 PARK LANE Sold Prices

Land registry data shows two sales for 71 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 71 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
2023 31 MAR	£362,500	£685,372	47% below HPI
2002 3 SEP	£220,000	£323,668	32% below HPI

71 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 71 PARK LANE sales from September 2002 and March 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 September 2002 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2023 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 71 PARK LANE?

71 PARK LANE is 97m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 30% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 71 PARK LANE lies on this distribution: 26% of detached houses are smaller than 71 PARK LANE, and 73% of houses are larger. Note that EPC data is not available for all properties in Reading.

71 PARK LANE: Plot and Title Map

71 PARK LANE sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of 71 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 71 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 71 PARK LANE?

71 PARK LANE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 71 on PARK LANE.