44, GROVES LEA, MORTIMER, READING, RG7 3SR - £185,000

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.

44 GROVES LEA is a small flat of 53m², built sometime between 1991 and 1995, which could now be worth an estimated £202,701. It was last sold for £185,000 in November 2019, which was around 3% below the average November 2019 flat price in the West Berkshire local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was C.

44 GROVES LEA Sold Prices

Land registry data shows three sales for 44 GROVES LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the West Berkshire local authority area for the corresponding sale date. One of the three 44 GROVES LEA sales was for below the average price, whilst two 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 15 NOV	£185,000	£191,037	3% below HPI
2006 24 NOV	£150,000	£147,278	2% above HPI
1997 28 FEB	£59,995	£48,337	24% above HPI

What might 44 GROVES LEA be worth now?

44 GROVES LEA might now be worth an estimated £202,701.

This is based on house price inflation of 9.6%, between November 2019 and May 2026, for flats, 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 9.6% inflationary increase is applied to the most recent sale price for 44 GROVES LEA of £185,000 on 15th November 2019. For the value to have increased from £185,000 to £202,701 over the seven years and six months to May 2026, the following assumptions must hold true:

• The value of 44 GROVES LEA has moved in line with the HPI for flats in the West Berkshire local authority area.
• The November 2019 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 44 GROVES LEA has not materially changed since November 2019.

How Large is 44 GROVES LEA?

44 GROVES LEA is 53m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of flats in Mortimer, based on EPC data. 40% of flats are smaller than 44 GROVES LEA, and 60% of flats are larger. Note that EPC data is not available for all properties in Mortimer.

44 GROVES LEA: Plot

44 GROVES LEA sits on a plot of roughly 0.014 of an acre, or 57m².

Where is 44 GROVES LEA?

44 GROVES LEA is located in MORTIMER, in the RG7 postcode district.