14, GROVELANDS ROAD, SPENCERS WOOD, READING, RG7 1DP - £475,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

14 GROVELANDS ROAD is a very small extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £475,000 in October 2022, which was around 34% below the average October 2022 detached price in the Wokingham local authority area. The most recent EPC inspection was March 2019, where the current energy rating was E, and the potential energy rating was C.

14 GROVELANDS ROAD Sold Prices

Land registry data shows three sales for 14 GROVELANDS ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the three 14 GROVELANDS ROAD 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
2022 12 OCT	£475,000	£725,023	34% below HPI
2019 30 AUG	£375,000	£608,650	38% below HPI
2006 20 JAN	£350,000	£355,575	2% below HPI

14 GROVELANDS ROAD 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 three 14 GROVELANDS ROAD sales between January 2006 and October 2022 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 2019 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the October 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 14 GROVELANDS ROAD?

14 GROVELANDS ROAD is 102m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Spencers Wood, and where 14 GROVELANDS ROAD lies on this distribution: 15% of detached houses are smaller than 14 GROVELANDS ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

14 GROVELANDS ROAD: Plot and Title Map

14 GROVELANDS ROAD sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 14 GROVELANDS ROAD, 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 14 GROVELANDS ROAD). 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 14 GROVELANDS ROAD?

14 GROVELANDS ROAD is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 14 on GROVELANDS ROAD.