8, MERRIFIELD CLOSE, LOWER EARLEY, READING, RG6 4BN - £460,000

8 MERRIFIELD CLOSE is a midsized extended detached house of 124m², built sometime between 1976 and 1982. It was last sold for £460,000 in January 2019, which was around 24% below the average January 2019 detached price in the Wokingham local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

8 MERRIFIELD CLOSE Sold Prices

Land registry data shows three sales for 8 MERRIFIELD 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 Wokingham local authority area for the corresponding sale date. All of the three 8 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 11 JAN	£460,000	£601,348	24% below HPI
2015 15 MAY	£417,000	£535,459	22% below HPI
1996 3 MAY	£108,000	£132,573	19% below HPI

8 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 three 8 MERRIFIELD CLOSE sales between May 1996 and January 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 May 2015 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2019 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 8 MERRIFIELD CLOSE?

8 MERRIFIELD CLOSE is 124m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 50% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where 8 MERRIFIELD CLOSE lies on this distribution: 55% of detached houses are smaller than 8 MERRIFIELD CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Reading.

8 MERRIFIELD CLOSE: Plot and Title Map

8 MERRIFIELD CLOSE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 8 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 8 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 8 MERRIFIELD CLOSE?

8 MERRIFIELD CLOSE is located in LOWER EARLEY, in the RG6 postcode district. The below map shows the position of No. 8 on MERRIFIELD CLOSE.