£302,890
This estimated value is based upon the latest sale price for the house of £295,000 on 12 May 2022. This value is then adjusted by the current Official House Price Index for READING 1
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21 Whitley Street, Reading, RG2 0EG
Phone: 01184430111
| Price Paid | Date |
|---|---|
| £295,000 | 12 May 2022 |
| £226,000 | 14 Apr 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 sq feet |
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 May 2022 the House Price Index for READING was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £295,000 results in an estimated price of approximately £302,890.
| 12 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £295,000 | £7,890 | £302,890 |
The Postcode Pricing Model uses changes in average sales price within the RG2 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 | -9.946 % | £-29,342 | £265,657 |
| 3 Month Average | -1.760 % | £-5,192 | £289,807 |
| 6 Month Average | 5.189 % | £15,307 | £310,307 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £482,241 | £470,000 | 21 DRAKE WAY |
| 9 Jun 2023 | £214,294 | £210,000 | FLAT 101 SKYLARK HOUSE DRAKE WAY |
| 26 Jan 2023 | £233,624 | £233,000 | FLAT 508 SKYLARK HOUSE DRAKE WAY |
| 1 Sep 2022 | £259,826 | £260,000 | FLAT 2 27 DRAKE WAY |
| 20 May 2022 | £446,636 | £435,000 | 31 DRAKE WAY |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 20 Jan 2015. Using an estimated price of £302,891 means this house is valued at £5,048 per sq meter (£468 per sq foot).
The average size of a house on DRAKE WAY is 57 sq meters (613 sq feet).