BARONS, PRIEST HILL, CAVERSHAM, READING, RG4 7RY - £550,000

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.

BARONS is a very small extended detached house of 99m², built sometime between 1950 and 1966, which could now be worth an estimated £629,132. It was last sold for £550,000 in May 2018, which was around 12% below the average May 2018 detached price in the Reading local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

BARONS Sold Prices

Land registry data shows two sales for BARONS 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 BARONS 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
2018 14 MAY	£550,000	£626,301	12% below HPI
2001 8 JUN	£250,000	£268,936	7% below HPI

BARONS 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 BARONS sales from June 2001 and May 2018 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 June 2001 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might BARONS be worth now?

BARONS might now be worth an estimated £629,132.

This is based on house price inflation of 14.4%, between May 2018 and May 2026, 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 14.4% inflationary increase is applied to the most recent sale price for BARONS of £550,000 on 14th May 2018. For the value to have increased from £550,000 to £629,132 over the eight years to May 2026, the following assumptions must hold true:

• The value of BARONS has moved in line with the HPI for detached houses in the Reading local authority area.
• The May 2018 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of BARONS has not materially changed since May 2018.

How Large is BARONS?

BARONS is 99m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% of detached houses houses in Caversham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caversham, and where BARONS lies on this distribution: 18% of detached houses houses are smaller than BARONS, and 82% of houses are larger. Note that EPC data is not available for all properties in Caversham.

Where is BARONS?

BARONS is located on PRIEST HILL in CAVERSHAM, in the RG4 postcode district. The below map shows the position of BARONS on PRIEST HILL.