1, NORTHWAY, WOKINGHAM, RG41 3PQ - £550,000

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 NORTHWAY is a small detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £650,392. It was last sold for £550,000 in May 2021, which was around 16% below the average May 2021 detached price in the Wokingham local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

1 NORTHWAY Sold Prices

Land registry data shows two sales for 1 NORTHWAY 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. Both of the two 1 NORTHWAY sales were 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
2021 7 MAY	£550,000	£656,859	16% below HPI
2008 30 JAN	£377,500	£452,489	17% below HPI

1 NORTHWAY 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 NORTHWAY sales from January 2008 and May 2021 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 January 2008 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 1 NORTHWAY be worth now?

1 NORTHWAY might now be worth an estimated £650,392.

This is based on house price inflation of 18.3%, between May 2021 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 18.3% inflationary increase is applied to the most recent sale price for 1 NORTHWAY of £550,000 on 7th May 2021. For the value to have increased from £550,000 to £650,392 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 1 NORTHWAY has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The May 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 1 NORTHWAY has not materially changed since May 2021.

How Large is 1 NORTHWAY?

1 NORTHWAY is 116m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 40% of detached houses houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wokingham, and where 1 NORTHWAY lies on this distribution: 30% of detached houses houses are smaller than 1 NORTHWAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

1 NORTHWAY: Plot and Title Map

1 NORTHWAY sits on a plot of roughly 0.175 of an acre, or 710m². The below map shows the location of 1 NORTHWAY, 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 NORTHWAY). 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 NORTHWAY?

1 NORTHWAY is located in WOKINGHAM, in the RG41 postcode district. The below map shows the position of No. 1 on NORTHWAY.