31, MITCHELL WAY, WOODLEY, READING, RG5 4NQ - £575,000

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

31 MITCHELL WAY is a midsized extended detached house of 119m², built sometime between 1983 and 1990. It was last sold for £575,000 in June 2024, which was around 21% below the average June 2024 detached price in the Wokingham local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was C.

31 MITCHELL WAY Sold Prices

Land registry data shows two sales for 31 MITCHELL WAY 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 31 MITCHELL WAY 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 7 JUN	£575,000	£728,046	21% below HPI
2004 14 JAN	£287,000	£335,948	15% below HPI

31 MITCHELL WAY 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 31 MITCHELL WAY sales from January 2004 and June 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 January 2004 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2024 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 31 MITCHELL WAY?

31 MITCHELL WAY is 119m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 50% of detached houses in Woodley, based on EPC data. The below chart shows the distribution of detached houses by size in Woodley, and where 31 MITCHELL WAY lies on this distribution: 54% of detached houses are smaller than 31 MITCHELL WAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Woodley.

31 MITCHELL WAY: Plot and Title Map

31 MITCHELL WAY sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 31 MITCHELL WAY, 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 31 MITCHELL WAY). 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 31 MITCHELL WAY?

31 MITCHELL WAY is located in WOODLEY, in the RG5 postcode district. The below map shows the position of No. 31 on MITCHELL WAY.