RED ROOF, 66, VICTORIA ROAD, MORTIMER COMMON, READING, RG7 3SG - £250,000

RED ROOF is a very small detached house of 90m², built sometime between 1950 and 1966. It was last sold for £250,000 in December 2011, which was around 37% below the average December 2011 detached price in the West Berkshire local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

RED ROOF Sold Prices

Land registry data shows two sales for RED ROOF since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. Both of the two RED ROOF 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
2011 12 DEC	£250,000	£398,349	37% below HPI
2002 2 DEC	£162,000	£320,502	49% below HPI

RED ROOF 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 two RED ROOF sales from December 2002 and December 2011 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 December 2002 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the December 2011 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is RED ROOF?

RED ROOF is 90m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of detached houses in Mortimer, based on EPC data. The below chart shows the distribution of detached houses by size in Mortimer, and where RED ROOF lies on this distribution: 13% of detached houses are smaller than RED ROOF, and 87% of houses are larger. Note that EPC data is not available for all properties in Mortimer.

RED ROOF: Plot and Title Map

RED ROOF sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of RED ROOF, 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 RED ROOF). 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 RED ROOF?

RED ROOF is located on VICTORIA ROAD in MORTIMER COMMON, in the RG7 postcode district. The below map shows the position of RED ROOF on VICTORIA ROAD.