16, ORCHARD CLOSE, SPENCERS WOOD, READING, RG7 1EJ - £490,000

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.

16 ORCHARD CLOSE is a midsized extended detached house of 140m², built sometime between 1983 and 1990, which could now be worth an estimated £594,535. It was last sold for £490,000 in November 2019, which was around 23% below the average November 2019 detached price in the Wokingham local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was C.

16 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 16 ORCHARD CLOSE 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 16 ORCHARD CLOSE 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
2019 20 NOV	£490,000	£640,182	23% below HPI
2002 2 JUN	£227,500	£308,808	26% below HPI

16 ORCHARD CLOSE 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 16 ORCHARD CLOSE sales from June 2002 and November 2019 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 June 2002 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 16 ORCHARD CLOSE be worth now?

16 ORCHARD CLOSE might now be worth an estimated £594,535.

This is based on house price inflation of 21.3%, between November 2019 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 21.3% inflationary increase is applied to the most recent sale price for 16 ORCHARD CLOSE of £490,000 on 20th November 2019. For the value to have increased from £490,000 to £594,535 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 16 ORCHARD CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The November 2019 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ORCHARD CLOSE has not materially changed since November 2019.

How Large is 16 ORCHARD CLOSE?

16 ORCHARD CLOSE is 140m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the largest 50% of detached houses houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spencers Wood, and where 16 ORCHARD CLOSE lies on this distribution: 53% of detached houses houses are smaller than 16 ORCHARD CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

16 ORCHARD CLOSE: Plot and Title Map

16 ORCHARD CLOSE sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of 16 ORCHARD CLOSE, 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 16 ORCHARD CLOSE). 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 16 ORCHARD CLOSE?

16 ORCHARD CLOSE is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 16 on ORCHARD CLOSE.