THE RED LODGE, CHURCH ROAD, SWALLOWFIELD, READING, RG7 1TH - £550,000

THE RED LODGE is a very small extended detached house of 91m², built sometime before 1900. It was last sold for £550,000 in November 2016, which was around 12% below the average November 2016 detached price in the Wokingham local authority area. The most recent EPC inspection was December 2012, where the current energy rating was F, and the potential energy rating was C.

THE RED LODGE Sold Prices

Land registry data shows four sales for THE RED LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. Most of the four THE RED LODGE 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
2016 25 NOV	£550,000	£623,071	12% below HPI
2014 14 AUG	£405,000	£504,363	20% below HPI
2004 24 SEP	£400,000	£351,371	14% above HPI
1998 21 AUG	£157,000	£185,258	15% below HPI

THE RED LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wokingham local authority area over time, sourced from the HPI. The four THE RED LODGE sales between August 1998 and November 2016 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 August 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2016 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is THE RED LODGE?

THE RED LODGE is 91m², which includes two extensions, according to the EPC inspection conducted in December 2012. This puts it in the smallest 10% of detached houses in Swallowfield, based on EPC data. The below chart shows the distribution of detached houses by size in Swallowfield, and where THE RED LODGE lies on this distribution: 3% of detached houses are smaller than THE RED LODGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Swallowfield.

THE RED LODGE: Plot and Title Map

THE RED LODGE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of THE RED LODGE, 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 RED LODGE). 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 RED LODGE?

THE RED LODGE is located on CHURCH ROAD in SWALLOWFIELD, in the RG7 postcode district. The below map shows the position of THE RED LODGE on CHURCH ROAD.