£553,015
This estimated value is based upon the latest sale price for the house of £550,000 on 5 Jan 2024. 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 |
|---|---|
| £550,000 | 5 Jan 2024 |
| £320,000 | 2 Apr 2015 |
| 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 January 2024 the House Price Index for READING was 145.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 0.548%.Applying this 0.548% change to the original purchase price of £550,000 results in an estimated price of approximately £553,015.
| 5 Jan 2024 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 146.7 | 0.548 % | £550,000 | £3,015 | £553,015 |
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 | -10.112 % | £-55,614 | £494,385 |
| 3 Month Average | -10.679 % | £-58,735 | £491,264 |
| 6 Month Average | -4.659 % | £-25,625 | £524,374 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rotherfield Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near St Lukes Way |
| Mar 2024 | Other theft | Under investigation | On or near St Lukes Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near St Lukes Way |
| Mar 2024 | Other crime | Under investigation | On or near St Lukes Way |