2, THE LEA, WOKINGHAM, RG40 4YB - £500,000

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 THE LEA is a small detached house of 110m², built sometime between 1983 and 1990. It was last sold for £500,000 in January 2017, which was around 20% below the average January 2017 detached price in the Wokingham local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was D.

2 THE LEA Sold Prices

Land registry data shows five sales for 2 THE LEA since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the five 2 THE LEA 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
2017 18 JAN	£500,000	£624,547	20% below HPI
2009 4 DEC	£390,000	£395,221	1% below HPI
2005 15 APR	£315,000	£347,040	9% below HPI
1999 15 JAN	£185,000	£192,503	4% below HPI
1997 12 DEC	£169,950	£171,077	1% below HPI

2 THE LEA 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 five 2 THE LEA sales between December 1997 and January 2017 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 December 2009 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the January 2017 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 2 THE LEA?

2 THE LEA is 110m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 30% of detached houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses by size in Wokingham, and where 2 THE LEA lies on this distribution: 26% of detached houses are smaller than 2 THE LEA, and 74% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

2 THE LEA: Plot and Title Map

2 THE LEA sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 2 THE LEA, 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 THE LEA). 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 THE LEA?

2 THE LEA is located in WOKINGHAM, in the RG40 postcode district. The below map shows the position of No. 2 on THE LEA.