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

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

2 MONARCH DRIVE is a large detached house of 171m², built sometime between 2003 and 2006. It was last sold for £600,000 in September 2019, which was around 2% 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	£611,801	2% below HPI
2006 6 SEP	£535,000	£381,695	40% 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 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the September 2019 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

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 in Shinfield, based on EPC data. The below chart shows the distribution of detached houses by size in Shinfield, and where 2 MONARCH DRIVE lies on this distribution: 79% of detached houses are smaller than 2 MONARCH DRIVE, and 21% 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.