1, MONARCH DRIVE, SHINFIELD, READING, RG2 9EW - £740,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MONARCH DRIVE is a very large detached house of 230m², built sometime from 2007 onwards, which could now be worth an estimated £991,237. It was last sold for £740,000 in August 2015, which was around 28% above the average August 2015 detached price in the Wokingham local authority area. The most recent EPC inspection was December 2011, where the current energy rating was B, and the potential energy rating was B.

1 MONARCH DRIVE Sold Prices

Land registry data shows two sales for 1 MONARCH DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. One of the two 1 MONARCH DRIVE sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 7 AUG	£740,000	£579,881	28% above HPI
2007 31 AUG	£190,000	£434,365	56% below HPI

1 MONARCH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wokingham local authority area over time, sourced from the HPI. The two 1 MONARCH DRIVE sales from August 2007 and August 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2007 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the August 2015 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 1 MONARCH DRIVE be worth now?

1 MONARCH DRIVE might now be worth an estimated £991,237.

This is based on house price inflation of 34%, between August 2015 and February 2025, for detached houses, in the Wokingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34% inflationary increase is applied to the most recent sale price for 1 MONARCH DRIVE of £740,000 on 7th August 2015. For the value to have increased from £740,000 to £991,237 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 1 MONARCH DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The August 2015 sale price of £740,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MONARCH DRIVE has not materially changed since August 2015.

How Large is 1 MONARCH DRIVE?

1 MONARCH DRIVE is 230m² according to the EPC inspection conducted in December 2011. This puts it in the largest 10% of detached houses houses in Shinfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shinfield, and where 1 MONARCH DRIVE lies on this distribution: 96% of detached houses houses are smaller than 1 MONARCH DRIVE, and 4% of houses are larger. Note that EPC data is not available for all properties in Shinfield.

1 MONARCH DRIVE: Plot and Title Map

1 MONARCH DRIVE sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 1 MONARCH DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MONARCH DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MONARCH DRIVE?

1 MONARCH DRIVE is located in SHINFIELD, in the RG2 postcode district. The below map shows the position of No. 1 on MONARCH DRIVE.