2, MONARCH DRIVE, SHINFIELD, READING, RG2 9EW - £600,000

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.

2 MONARCH DRIVE is a large detached house of 171m², built sometime between 2003 and 2006, which could now be worth an estimated £738,815. It was last sold for £600,000 in September 2019, which was around 5% below the average September 2019 detached price in the Wokingham local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

2 MONARCH DRIVE Sold Prices

Land registry data shows two sales for 2 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 2 MONARCH DRIVE sales was for below the average price, whilst the other was for above 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 2 SEP	£600,000	£630,812	5% below HPI
2006 6 SEP	£535,000	£393,555	36% above HPI

2 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 2 MONARCH DRIVE sales from September 2006 and September 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 September 2006 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the September 2019 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 2 MONARCH DRIVE be worth now?

2 MONARCH DRIVE might now be worth an estimated £738,815.

This is based on house price inflation of 23.1%, between September 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 23.1% inflationary increase is applied to the most recent sale price for 2 MONARCH DRIVE of £600,000 on 2nd September 2019. For the value to have increased from £600,000 to £738,815 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 MONARCH DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The September 2019 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MONARCH DRIVE has not materially changed since September 2019.

How Large is 2 MONARCH DRIVE?

2 MONARCH DRIVE is 171m² according to the EPC inspection conducted in November 2016. This puts it in the largest 30% 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 2 MONARCH DRIVE lies on this distribution: 79% of detached houses houses are smaller than 2 MONARCH DRIVE, and 20% of houses are larger. Note that EPC data is not available for all properties in Shinfield.

2 MONARCH DRIVE: Plot and Title Map

2 MONARCH DRIVE sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 2 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 2 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 2 MONARCH DRIVE?

2 MONARCH DRIVE is located in SHINFIELD, in the RG2 postcode district. The below map shows the position of No. 2 on MONARCH DRIVE.