WEST LODGE, COLEY AVENUE, READING, RG1 6LS - £440,000

WEST LODGE is a very small extended detached house of 82m², built sometime before 1900. It was last sold for £440,000 in November 2022, which was around 37% below the average November 2022 detached price in the Reading local authority area. The most recent EPC inspection was December 2019, where the current energy rating was E, and the potential energy rating was C.

WEST LODGE Sold Prices

Land registry data shows five sales for WEST LODGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Reading local authority area for the corresponding sale date. All of the five WEST 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
2022 7 NOV	£440,000	£696,388	37% below HPI
2020 5 NOV	£397,500	£603,581	34% below HPI
2010 28 MAY	£248,000	£378,985	35% below HPI
2002 8 MAR	£145,000	£293,793	51% below HPI
1998 27 NOV	£118,000	£175,843	33% below HPI

WEST LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reading local authority area over time, sourced from the HPI. The five WEST LODGE sales between November 1998 and November 2022 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 November 2020 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2022 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is WEST LODGE?

WEST LODGE is 82m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 20% of detached houses in Reading, based on EPC data. The below chart shows the distribution of detached houses by size in Reading, and where WEST LODGE lies on this distribution: 13% of detached houses are smaller than WEST LODGE, and 86% of houses are larger. Note that EPC data is not available for all properties in Reading.

WEST LODGE: Plot and Title Map

WEST LODGE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of WEST 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 WEST 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 WEST LODGE?

WEST LODGE is located on COLEY AVENUE in READING, in the RG1 postcode district. The below map shows the position of WEST LODGE on COLEY AVENUE.