2, CARDINAL CLOSE, CAVERSHAM, READING, RG4 8BZ - £220,000

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.

2 CARDINAL CLOSE is a very small flat of 37m², built sometime between 1976 and 1982, which could now be worth an estimated £212,342. It was last sold for £220,000 in October 2017, which was around 6% below the average October 2017 flat price in the Reading local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was C.

2 CARDINAL CLOSE Sold Prices

Land registry data shows six sales for 2 CARDINAL CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average flat price in the Reading local authority area for the corresponding sale date. Most of the six 2 CARDINAL CLOSE 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
2017 3 OCT	£220,000	£233,433	6% below HPI
2011 22 JUL	£152,745	£145,037	5% above HPI
2007 12 JUL	£140,000	£167,648	16% below HPI
2005 28 JAN	£135,000	£142,475	5% below HPI
2002 25 OCT	£119,000	£124,975	5% below HPI
2000 20 DEC	£89,000	£92,706	4% below HPI

What might 2 CARDINAL CLOSE be worth now?

2 CARDINAL CLOSE might now be worth an estimated £212,342.

This is based on house price deflation of 3.5%, between October 2017 and May 2026, for flats, in the Reading local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.5% deflationary decrease is applied to the most recent sale price for 2 CARDINAL CLOSE of £220,000 on 3rd October 2017. For the value to have decreased from £220,000 to £212,342 over the nine years and five months to May 2026, the following assumptions must hold true:

• The value of 2 CARDINAL CLOSE has moved in line with the HPI for flats in the Reading local authority area.
• The October 2017 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CARDINAL CLOSE has not materially changed since October 2017.

How Large is 2 CARDINAL CLOSE?

2 CARDINAL CLOSE is 37m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of flats in Caversham, based on EPC data. 3% of flats are smaller than 2 CARDINAL CLOSE, and 97% of flats are larger. Note that EPC data is not available for all properties in Caversham.

2 CARDINAL CLOSE: Plot

2 CARDINAL CLOSE sits on a plot of roughly 0.005 of an acre, or 19m².

Where is 2 CARDINAL CLOSE?

2 CARDINAL CLOSE is located in CAVERSHAM, in the RG4 postcode district.