3, GROVELANDS ROAD, SPENCERS WOOD, READING, RG7 1DP - £375,000

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

3 GROVELANDS ROAD is a midsized detached house of 140m², built sometime between 2003 and 2006. It was last sold for £375,000 in January 2012, which was around 9% below the average January 2012 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

3 GROVELANDS ROAD Sold Prices

Land registry data shows two sales for 3 GROVELANDS ROAD 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 3 GROVELANDS ROAD 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
2012 13 JAN	£375,000	£413,666	9% below HPI
2003 21 MAR	£450,000	£336,472	34% above HPI

3 GROVELANDS ROAD 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 3 GROVELANDS ROAD sales from March 2003 and January 2012 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 March 2003 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the January 2012 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 3 GROVELANDS ROAD?

3 GROVELANDS ROAD is 140m² according to the EPC inspection conducted in July 2011. This puts it in the largest 50% 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 3 GROVELANDS ROAD lies on this distribution: 53% of detached houses are smaller than 3 GROVELANDS ROAD, and 47% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

3 GROVELANDS ROAD: Plot and Title Map

3 GROVELANDS ROAD sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 3 GROVELANDS ROAD, 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 3 GROVELANDS ROAD). 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 3 GROVELANDS ROAD?

3 GROVELANDS ROAD is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 3 on GROVELANDS ROAD.