3, MONARCH DRIVE, SHINFIELD, READING, RG2 9EW - £480,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 MONARCH DRIVE is a large extended detached house of 167m², built sometime from 2007 onwards. It was last sold for £480,000 in May 2011, which was around 15% above the average May 2011 detached price in the Wokingham local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

3 MONARCH DRIVE Sold Prices

Land registry data shows two sales for 3 MONARCH DRIVE 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 3 MONARCH DRIVE sales were 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
2011 18 MAY	£480,000	£417,674	15% above HPI
2007 14 SEP	£508,800	£425,225	20% above HPI

3 MONARCH DRIVE 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 MONARCH DRIVE sales from September 2007 and May 2011 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 September 2007 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the May 2011 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 3 MONARCH DRIVE?

3 MONARCH DRIVE is 167m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the largest 30% of detached houses in Shinfield, based on EPC data. The below chart shows the distribution of detached houses by size in Shinfield, and where 3 MONARCH DRIVE lies on this distribution: 77% of detached houses are smaller than 3 MONARCH DRIVE, and 23% of houses are larger. Note that EPC data is not available for all properties in Shinfield.

3 MONARCH DRIVE: Plot and Title Map

3 MONARCH DRIVE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 3 MONARCH DRIVE, 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 MONARCH DRIVE). 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 MONARCH DRIVE?

3 MONARCH DRIVE is located in SHINFIELD, in the RG2 postcode district. The below map shows the position of No. 3 on MONARCH DRIVE.