23, NORMAN RISE, SPENCERS WOOD, READING, RG7 1YW - £535,000

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

23 NORMAN RISE is a small detached house of 120m². It was last sold for £535,000 in December 2021, which was around 22% below the average December 2021 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2019, where the current energy rating was B, and the potential energy rating was A.

23 NORMAN RISE Sold Prices

Land registry data shows two sales for 23 NORMAN RISE 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 23 NORMAN RISE 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
2021 7 DEC	£535,000	£685,995	22% below HPI
2019 12 JUL	£532,000	£608,412	13% below HPI

23 NORMAN RISE 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 23 NORMAN RISE sales from July 2019 and December 2021 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 July 2019 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 23 NORMAN RISE?

23 NORMAN RISE is 120m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 40% of detached houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Spencers Wood, and where 23 NORMAN RISE lies on this distribution: 36% of detached houses are smaller than 23 NORMAN RISE, and 63% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

23 NORMAN RISE: Plot and Title Map

23 NORMAN RISE sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 23 NORMAN RISE, 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 23 NORMAN RISE). 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 23 NORMAN RISE?

23 NORMAN RISE is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 23 on NORMAN RISE.