NEW HOPE, BEENHAM, READING, RG7 5NN - £640,000

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.

NEW HOPE is a large detached house of 185m², built sometime between 1983 and 1990, which could now be worth an estimated £776,607. It was last sold for £640,000 in March 2019, which was around 9% above the average March 2019 detached price in the West Berkshire local authority area. The most recent EPC inspection was September 2015, where the current energy rating was E, and the potential energy rating was C.

NEW HOPE Sold Prices

Land registry data shows four sales for NEW HOPE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. All of the four NEW HOPE sales were for above 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 14 MAR	£640,000	£584,994	9% above HPI
2015 16 OCT	£650,000	£536,652	21% above HPI
2000 1 DEC	£355,000	£250,119	42% above HPI
1996 20 DEC	£225,000	£139,475	61% above HPI

NEW HOPE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Berkshire local authority area over time, sourced from the HPI. The four NEW HOPE sales between December 1996 and March 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 October 2015 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the March 2019 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might NEW HOPE be worth now?

NEW HOPE might now be worth an estimated £776,607.

This is based on house price inflation of 21.3%, between March 2019 and May 2026, for 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 21.3% inflationary increase is applied to the most recent sale price for NEW HOPE of £640,000 on 14th March 2019. For the value to have increased from £640,000 to £776,607 over the six years and ten months to May 2026, the following assumptions must hold true:

• The value of NEW HOPE has moved in line with the HPI for detached houses in the West Berkshire local authority area.
• The March 2019 sale price of £640,000 represented a fair market value for the property.
• The size, condition, and specification of NEW HOPE has not materially changed since March 2019.

How Large is NEW HOPE?

NEW HOPE is 185m² according to the EPC inspection conducted in September 2015. This puts it in the largest 30% of detached houses houses in Beenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Beenham, and where NEW HOPE lies on this distribution: 79% of detached houses houses are smaller than NEW HOPE, and 21% of houses are larger. Note that EPC data is not available for all properties in Beenham.

NEW HOPE: Plot and Title Map

NEW HOPE sits on a plot of roughly 0.225 of an acre, or 909m². The below map shows the location of NEW HOPE, 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 NEW HOPE). 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 NEW HOPE?

NEW HOPE is located in BEENHAM, in the RG7 postcode district. The below map shows the position of NEW HOPE in BEENHAM.