8, MORLAIS, EMMER GREEN, READING, RG4 8PQ - £383,000

8 MORLAIS is a very small detached house of 79m², built sometime between 1991 and 1995. It was last sold for £383,000 in May 2016, which was around 36% below the average May 2016 detached price in the Reading local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

8 MORLAIS Sold Prices

Land registry data shows four sales for 8 MORLAIS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reading local authority area for the corresponding sale date. Most of the four 8 MORLAIS 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
2016 27 MAY	£383,000	£596,132	36% below HPI
2010 5 MAR	£280,000	£379,258	26% below HPI
2005 10 JUN	£249,950	£341,096	27% below HPI
1996 19 APR	£135,000	£115,735	17% above HPI

8 MORLAIS 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 four 8 MORLAIS sales between April 1996 and May 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 March 2010 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2016 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 8 MORLAIS?

8 MORLAIS is 79m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 10% of detached houses in Caversham, based on EPC data. The below chart shows the distribution of detached houses by size in Caversham, and where 8 MORLAIS lies on this distribution: 5% of detached houses are smaller than 8 MORLAIS, and 95% of houses are larger. Note that EPC data is not available for all properties in Caversham.

8 MORLAIS: Plot and Title Map

8 MORLAIS sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 8 MORLAIS, 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 MORLAIS). 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 MORLAIS?

8 MORLAIS is located in EMMER GREEN, in the RG4 postcode district. The below map shows the position of No. 8 on MORLAIS.