3, NICHOLSON DRIVE, WOKINGHAM, RG41 1AG - £630,000

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.

3 NICHOLSON DRIVE is a small detached house of 122m², built sometime from 2012 onwards, which could now be worth an estimated £702,633. It was last sold for £630,000 in November 2021, which was around 10% below the average November 2021 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

3 NICHOLSON DRIVE Sold Prices

Land registry data shows two sales for 3 NICHOLSON 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. One of the two 3 NICHOLSON DRIVE 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
2021 15 NOV	£630,000	£696,461	10% below HPI
2017 15 DEC	£649,950	£640,080	2% above HPI

3 NICHOLSON 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 NICHOLSON DRIVE sales from December 2017 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 December 2017 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the November 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 3 NICHOLSON DRIVE be worth now?

3 NICHOLSON DRIVE might now be worth an estimated £702,633.

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 3 NICHOLSON DRIVE of £630,000 on 15th November 2021. For the value to have increased from £630,000 to £702,633 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 NICHOLSON DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The November 2021 sale price of £630,000 represented a fair market value for the property.
• The size, condition, and specification of 3 NICHOLSON DRIVE has not materially changed since November 2021.

How Large is 3 NICHOLSON DRIVE?

3 NICHOLSON DRIVE is 122m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 40% 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 3 NICHOLSON DRIVE lies on this distribution: 37% of detached houses houses are smaller than 3 NICHOLSON DRIVE, and 62% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

3 NICHOLSON DRIVE: Plot and Title Map

3 NICHOLSON DRIVE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 3 NICHOLSON 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 NICHOLSON 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 NICHOLSON DRIVE?

3 NICHOLSON DRIVE is located in WOKINGHAM, in the RG41 postcode district. The below map shows the position of No. 3 on NICHOLSON DRIVE.