2, PENROSE AVENUE, WOODLEY, READING, RG5 3PA - £812,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PENROSE AVENUE is a large extended detached house of 145m², built sometime between 1967 and 1975, which could now be worth an estimated £869,007. It was last sold for £812,500 in July 2022, which was around 12% above the average July 2022 detached price in the Wokingham local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was C.

2 PENROSE AVENUE Sold Prices

Land registry data shows two sales for 2 PENROSE AVENUE 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 PENROSE AVENUE sales was for above the average price, whilst the other was 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 21 JUL	£812,500	£726,248	12% above HPI
2015 12 OCT	£530,000	£598,925	12% below HPI

2 PENROSE AVENUE 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 PENROSE AVENUE sales from October 2015 and July 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 October 2015 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2022 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 PENROSE AVENUE be worth now?

2 PENROSE AVENUE might now be worth an estimated £869,007.

This is based on house price inflation of 7%, between July 2022 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 7% inflationary increase is applied to the most recent sale price for 2 PENROSE AVENUE of £812,500 on 21st July 2022. For the value to have increased from £812,500 to £869,007 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 2 PENROSE AVENUE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The July 2022 sale price of £812,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PENROSE AVENUE has not materially changed since July 2022.

How Large is 2 PENROSE AVENUE?

2 PENROSE AVENUE is 145m², which includes three extensions, according to the EPC inspection conducted in August 2021. This puts it in the largest 30% of detached houses houses in Woodley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodley, and where 2 PENROSE AVENUE lies on this distribution: 77% of detached houses houses are smaller than 2 PENROSE AVENUE, and 22% of houses are larger. Note that EPC data is not available for all properties in Woodley.

2 PENROSE AVENUE: Plot and Title Map

2 PENROSE AVENUE sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 2 PENROSE AVENUE, 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 PENROSE AVENUE). 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 PENROSE AVENUE?

2 PENROSE AVENUE is located in WOODLEY, in the RG5 postcode district. The below map shows the position of No. 2 on PENROSE AVENUE.