27, MEDWAY CLOSE, WOKINGHAM, RG41 3TP - £518,000

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.

27 MEDWAY CLOSE is a very small detached house of 100m², built sometime between 1983 and 1990, which could now be worth an estimated £577,720. It was last sold for £518,000 in November 2021, which was around 26% below the average November 2021 detached price in the Wokingham local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

27 MEDWAY CLOSE Sold Prices

Land registry data shows four sales for 27 MEDWAY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the four 27 MEDWAY CLOSE 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 3 NOV	£518,000	£696,461	26% below HPI
2007 27 JUL	£345,000	£430,772	20% below HPI
2003 26 JUN	£257,000	£337,009	24% below HPI
2001 14 MAY	£210,000	£272,348	23% below HPI

27 MEDWAY CLOSE 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 four 27 MEDWAY CLOSE sales between May 2001 and November 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 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 27 MEDWAY CLOSE be worth now?

27 MEDWAY CLOSE might now be worth an estimated £577,720.

This is based on house price inflation of 11.5%, between November 2021 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 11.5% inflationary increase is applied to the most recent sale price for 27 MEDWAY CLOSE of £518,000 on 3rd November 2021. For the value to have increased from £518,000 to £577,720 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 27 MEDWAY CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The November 2021 sale price of £518,000 represented a fair market value for the property.
• The size, condition, and specification of 27 MEDWAY CLOSE has not materially changed since November 2021.

How Large is 27 MEDWAY CLOSE?

27 MEDWAY CLOSE is 100m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of detached houses houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wokingham, and where 27 MEDWAY CLOSE lies on this distribution: 16% of detached houses houses are smaller than 27 MEDWAY CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

27 MEDWAY CLOSE: Plot and Title Map

27 MEDWAY CLOSE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 27 MEDWAY CLOSE, 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 27 MEDWAY CLOSE). 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 27 MEDWAY CLOSE?

27 MEDWAY CLOSE is located in WOKINGHAM, in the RG41 postcode district. The below map shows the position of No. 27 on MEDWAY CLOSE.