£464,114
This estimated value is based upon the latest sale price for the house of £83,250 on 4 Jul 1996. 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 |
|---|---|
| £83,250 | 4 Jul 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 84 sq meters or 904 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 July 1996 the House Price Index for READING was 26.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 457.495%.Applying this 457.495% change to the original purchase price of £83,250 results in an estimated price of approximately £464,114.
| 4 Jul 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.7 | 148.6 | 457.495 % | £83,250 | £380,864 | £464,114 |
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 | 252.193 % | £209,950 | £293,200 |
| 3 Month Average | 299.760 % | £249,550 | £332,800 |
| 6 Month Average | 423.012 % | £352,157 | £435,407 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £315,521 | £310,000 | FLAT 4 OSBERT HOUSE NOTLEY PLACE |
| 18 Aug 2023 | £374,269 | £370,995 | 6 ST LUKES WAY |
| 11 Aug 2023 | £559,898 | £555,000 | FLAT 1 SPRINGFIELD HOUSE, 24 SURLEY ROW |
| 30 Jun 2023 | £240,412 | £237,500 | 24 HARE WARREN COURT MARSHLAND SQUARE |
| 12 May 2022 | £305,761 | £300,000 | FLAT 2 OSBERT HOUSE NOTLEY PLACE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 12 Jul 2021. Using an estimated price of £464,114 means this house is valued at £5,525 per sq meter (£513 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | 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 |
| 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 |