3, SOMERSET CLOSE, WOKINGHAM, RG41 3AJ - £428,000

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 SOMERSET CLOSE is a very small detached house of 76m², built sometime between 1983 and 1990. It was last sold for £428,000 in August 2020, which was around 32% below the average August 2020 detached price in the Wokingham local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

3 SOMERSET CLOSE Sold Prices

Land registry data shows three sales for 3 SOMERSET CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the three 3 SOMERSET 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
2020 18 AUG	£428,000	£627,330	32% below HPI
2010 26 NOV	£260,000	£414,839	37% below HPI
2002 29 JAN	£188,950	£294,972	36% below HPI

3 SOMERSET 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 three 3 SOMERSET CLOSE sales between January 2002 and August 2020 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 November 2010 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2020 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 3 SOMERSET CLOSE?

3 SOMERSET CLOSE is 76m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 10% of detached houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses by size in Wokingham, and where 3 SOMERSET CLOSE lies on this distribution: 2% of detached houses are smaller than 3 SOMERSET CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

3 SOMERSET CLOSE: Plot and Title Map

3 SOMERSET CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 3 SOMERSET 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 3 SOMERSET 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 3 SOMERSET CLOSE?

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