THE MILL COTTAGE, LOCK APPROACH, GORING, READING, RG8 9AD - £3,878,250

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.

THE MILL COTTAGE is a very large extended detached house of 379m², built sometime before 1900, which could now be worth an estimated £4,167,161. It was last sold for £3,878,250 in August 2020, which was around 460% above the average August 2020 detached price in the South Oxfordshire local authority area. The most recent EPC inspection was August 2018, where the current energy rating was E, and the potential energy rating was C.

THE MILL COTTAGE Sold Prices

Land registry data shows three sales for THE MILL COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Oxfordshire local authority area for the corresponding sale date. All of the three THE MILL COTTAGE 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
2020 27 AUG	£3,878,250	£692,247	460% above HPI
2019 31 JUL	£3,400,000	£647,182	425% above HPI
1999 8 MAR	£1,450,000	£199,787	626% above HPI

THE MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Oxfordshire local authority area over time, sourced from the HPI. The three THE MILL COTTAGE sales between March 1999 and August 2020 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 July 2019 sale was for 425% above the HPI. So the extrapolation line tracks at 425% above the HPI over time, until the August 2020 sale, where it rises to 460% above the HPI. The line then continues to track at 460% above the HPI.

What might THE MILL COTTAGE be worth now?

THE MILL COTTAGE might now be worth an estimated £4,167,161.

This is based on house price inflation of 7.4%, between August 2020 and June 2025, for detached houses, in the South Oxfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.4% inflationary increase is applied to the most recent sale price for THE MILL COTTAGE of £3,878,250 on 27th August 2020. For the value to have increased from £3,878,250 to £4,167,161 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of THE MILL COTTAGE has moved in line with the HPI for detached houses in the South Oxfordshire local authority area.
• The August 2020 sale price of £3,878,250 represented a fair market value for the property.
• The size, condition, and specification of THE MILL COTTAGE has not materially changed since August 2020.

How Large is THE MILL COTTAGE?

THE MILL COTTAGE is 379m², which includes two extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 10% of detached houses houses in Goring, based on EPC data. The below chart shows the distribution of detached houses houses by size in Goring, and where THE MILL COTTAGE lies on this distribution: 95% of detached houses houses are smaller than THE MILL COTTAGE, and 5% of houses are larger. Note that EPC data is not available for all properties in Goring.

THE MILL COTTAGE: Plot and Title Map

THE MILL COTTAGE sits on a plot of roughly 1.3 acres, or 5,302m². The below map shows the location of THE MILL COTTAGE, 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 THE MILL COTTAGE). 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 THE MILL COTTAGE?

THE MILL COTTAGE is located on LOCK APPROACH in GORING, in the RG8 postcode district. The below map shows the position of THE MILL COTTAGE on LOCK APPROACH.