3, THE SQUARE, SPENCERS WOOD, READING, RG7 1BS - £540,000

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 THE SQUARE is a small detached house of 121m², built sometime between 1996 and 2002, which could now be worth an estimated £572,004. It was last sold for £540,000 in March 2024, which was around 26% below the average March 2024 detached price in the Wokingham local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

3 THE SQUARE Sold Prices

Land registry data shows two sales for 3 THE SQUARE 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 THE SQUARE 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
2024 28 MAR	£540,000	£733,296	26% below HPI
1997 2 OCT	£147,500	£173,154	15% below HPI

3 THE SQUARE 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 THE SQUARE sales from October 1997 and March 2024 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 October 1997 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2024 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 3 THE SQUARE be worth now?

3 THE SQUARE might now be worth an estimated £572,004.

This is based on house price inflation of 5.9%, between March 2024 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 5.9% inflationary increase is applied to the most recent sale price for 3 THE SQUARE of £540,000 on 28th March 2024. For the value to have increased from £540,000 to £572,004 over the one year and one month to February 2025, the following assumptions must hold true:

• The value of 3 THE SQUARE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The March 2024 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE SQUARE has not materially changed since March 2024.

How Large is 3 THE SQUARE?

3 THE SQUARE is 121m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 40% of detached houses houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spencers Wood, and where 3 THE SQUARE lies on this distribution: 37% of detached houses houses are smaller than 3 THE SQUARE, and 62% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

3 THE SQUARE: Plot and Title Map

3 THE SQUARE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 3 THE SQUARE, 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 THE SQUARE). 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 THE SQUARE?

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