7, CARDINAL CLOSE, CAVERSHAM, READING, RG4 8BZ - £137,500

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.

7 CARDINAL CLOSE is a very small flat of 38m², built sometime between 1976 and 1982, which could now be worth an estimated £214,024. It was last sold for £137,500 in April 2006, which was around 5% below the average April 2006 flat price in the Reading local authority area. The most recent EPC inspection was October 2018, where the current energy rating was E, and the potential energy rating was C.

7 CARDINAL CLOSE Sold Prices

Land registry data shows two sales for 7 CARDINAL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Reading local authority area for the corresponding sale date. One of the two 7 CARDINAL CLOSE sales was for below the average price, whilst the other was 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
2006 21 APR	£137,500	£144,749	5% below HPI
1998 17 JUN	£69,000	£60,974	13% above HPI

What might 7 CARDINAL CLOSE be worth now?

7 CARDINAL CLOSE might now be worth an estimated £214,024.

This is based on house price inflation of 55.7%, between April 2006 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 55.7% inflationary increase is applied to the most recent sale price for 7 CARDINAL CLOSE of £137,500 on 21st April 2006. For the value to have increased from £137,500 to £214,024 over the nineteen years and eleven months to May 2026, the following assumptions must hold true:

• The value of 7 CARDINAL CLOSE has moved in line with the HPI for flats in the Reading local authority area.
• The April 2006 sale price of £137,500 represented a fair market value for the property.
• The size, condition, and specification of 7 CARDINAL CLOSE has not materially changed since April 2006.

How Large is 7 CARDINAL CLOSE?

7 CARDINAL CLOSE is 38m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% of flats in Caversham, based on EPC data. 3% of flats are smaller than 7 CARDINAL CLOSE, and 96% of flats are larger. Note that EPC data is not available for all properties in Caversham.

7 CARDINAL CLOSE: Plot

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

Where is 7 CARDINAL CLOSE?

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