£1,027,653
This estimated value is based upon the latest sale price for the house of £1,005,000 on 13 Sep 2023. 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 |
|---|---|
| £1,005,000 | 13 Sep 2023 |
| 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 September 2023 the House Price Index for READING was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £1,005,000 results in an estimated price of approximately £1,027,653.
| 13 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £1,005,000 | £22,653 | £1,027,653 |
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 | 2.480 % | £24,924 | £1,029,924 |
| 3 Month Average | -16.178 % | £-162,587 | £842,412 |
| 6 Month Average | -13.900 % | £-139,690 | £865,309 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £582,848 | £570,000 | 25 ERIC AVENUE |
| 13 Sep 2023 | £1,027,654 | £1,005,000 | 10 OLD BARN CLOSE |
| 5 Sep 2023 | £648,291 | £634,000 | 5 PENN CLOSE |
| 9 Mar 2023 | £697,651 | £686,000 | 29 ST BARNABAS ROAD |
| 8 Mar 2023 | £402,726 | £396,000 | 14 GROVE COTTAGES |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Old Barn Close |
| Sep 2024 | Anti-social behaviour | On or near Cherwell Road | |
| Sep 2024 | Anti-social behaviour | On or near Cherwell Road | |
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Pinetree Court |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Soane End |