8, MORGAN ROAD, READING, RG1 5HG - £750,000

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 MORGAN ROAD is a very large extended detached house of 173m², built sometime between 1900 and 1929, which could now be worth an estimated £850,026. It was last sold for £750,000 in March 2016, which was around 24% above the average March 2016 detached price in the Reading local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

8 MORGAN ROAD Sold Prices

Land registry data shows two sales for 8 MORGAN ROAD 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. One of the two 8 MORGAN ROAD sales was for above the average price, whilst the other was 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
2016 14 MAR	£750,000	£604,933	24% above HPI
2014 27 AUG	£415,000	£485,182	14% below HPI

8 MORGAN ROAD 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 8 MORGAN ROAD sales from August 2014 and March 2016 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 August 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2016 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 8 MORGAN ROAD be worth now?

8 MORGAN ROAD might now be worth an estimated £850,026.

This is based on house price inflation of 13.3%, between March 2016 and March 2025, for detached houses, in the Reading local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.3% inflationary increase is applied to the most recent sale price for 8 MORGAN ROAD of £750,000 on 14th March 2016. For the value to have increased from £750,000 to £850,026 over the nine years to March 2025, the following assumptions must hold true:

• The value of 8 MORGAN ROAD has moved in line with the HPI for detached houses in the Reading local authority area.
• The March 2016 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MORGAN ROAD has not materially changed since March 2016.

How Large is 8 MORGAN ROAD?

8 MORGAN ROAD is 173m², which includes two extensions, according to the EPC inspection conducted in November 2015. This puts it in the largest 20% of detached houses houses in Reading, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reading, and where 8 MORGAN ROAD lies on this distribution: 85% of detached houses houses are smaller than 8 MORGAN ROAD, and 15% of houses are larger. Note that EPC data is not available for all properties in Reading.

8 MORGAN ROAD: Plot and Title Map

8 MORGAN ROAD sits on a plot of roughly 0.154 of an acre, or 622m². The below map shows the location of 8 MORGAN ROAD, 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 MORGAN ROAD). 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 MORGAN ROAD?

8 MORGAN ROAD is located in READING, in the RG1 postcode district. The below map shows the position of No. 8 on MORGAN ROAD.