8, CORNWALL CLOSE, TILEHURST, READING, RG31 6FS - £295,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 CORNWALL CLOSE is a very small extended semi-detached house of 66m², built sometime between 1976 and 1982, which could now be worth an estimated £362,332. It was last sold for £295,000 in April 2019, which was around 13% below the average April 2019 semi-detached price in the West Berkshire local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

8 CORNWALL CLOSE Sold Prices

Land registry data shows four sales for 8 CORNWALL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the West Berkshire local authority area for the corresponding sale date. All of the four 8 CORNWALL 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 5 APR	£295,000	£337,261	13% below HPI
2015 27 JUL	£269,000	£290,369	7% below HPI
2008 23 SEP	£195,000	£237,208	18% below HPI
1996 28 JUN	£66,500	£74,160	10% below HPI

8 CORNWALL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Berkshire local authority area over time, sourced from the HPI. The four 8 CORNWALL CLOSE sales between June 1996 and April 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 July 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the April 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 8 CORNWALL CLOSE be worth now?

8 CORNWALL CLOSE might now be worth an estimated £362,332.

This is based on house price inflation of 22.8%, between April 2019 and April 2026, for semi-detached houses, in the West Berkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.8% inflationary increase is applied to the most recent sale price for 8 CORNWALL CLOSE of £295,000 on 5th April 2019. For the value to have increased from £295,000 to £362,332 over the seven years to April 2026, the following assumptions must hold true:

• The value of 8 CORNWALL CLOSE has moved in line with the HPI for semi-detached houses in the West Berkshire local authority area.
• The April 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CORNWALL CLOSE has not materially changed since April 2019.

How Large is 8 CORNWALL CLOSE?

8 CORNWALL CLOSE is 66m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of semi-detached houses houses in Reading, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Reading, and where 8 CORNWALL CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 8 CORNWALL CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Reading.

8 CORNWALL CLOSE: Plot and Title Map

8 CORNWALL CLOSE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 8 CORNWALL 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 8 CORNWALL 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 8 CORNWALL CLOSE?

8 CORNWALL CLOSE is located in TILEHURST, in the RG31 postcode district. The below map shows the position of No. 8 on CORNWALL CLOSE.