£574,211
This estimated value is based upon the latest sale price for the house of £113,000 on 4 Jul 1997. This value is then adjusted by the current Official House Price Index for READING 1
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7 Prospect Street, Caversham, Reading, RG4 8JB
Phone: 01189099441
| Price Paid | Date |
|---|---|
| £113,000 | 4 Jul 1997 |
| Semi-Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for READING to estimate the market value.
When this house was purchased in July 1997 the House Price Index for READING was 29.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 408.152%.Applying this 408.152% change to the original purchase price of £113,000 results in an estimated price of approximately £574,211.
| 4 Jul 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.2 | 148.6 | 408.152 % | £113,000 | £461,211 | £574,211 |
The Postcode Pricing Model uses changes in average sales price within the RG4 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 330.028 % | £372,931 | £485,931 |
| 3 Month Average | 307.387 % | £347,347 | £460,347 |
| 6 Month Average | 359.681 % | £406,439 | £519,439 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £710,519 | £700,000 | 6 NEWLANDS AVENUE |
| 7 Sep 2023 | £648,289 | £640,000 | 15 BERRYLANDS ROAD |
| 28 Apr 2023 | £550,932 | £545,000 | 31 THE RIDGEWAY |
| 14 Apr 2023 | £454,898 | £450,000 | 7 NEWLANDS AVENUE |
| 12 Jan 2023 | £522,539 | £525,000 | 5 NEWLANDS AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Short Street |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Short Street |
| Feb 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Short Street |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Short Street |
| Feb 2024 | Anti-social behaviour | On or near Short Street |