31, SHIPRIDGE DRIVE, SPENCERS WOOD, READING, RG7 1UG - £475,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

31 SHIPRIDGE DRIVE is a very small detached house of 87m². It was last sold for £475,000 in June 2022, which was around 32% below the average June 2022 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was A.

31 SHIPRIDGE DRIVE Sold Prices

Land registry data shows two sales for 31 SHIPRIDGE 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 31 SHIPRIDGE DRIVE 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
2022 24 JUN	£475,000	£694,487	32% below HPI
2020 24 AUG	£420,000	£627,330	33% below HPI

31 SHIPRIDGE 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 31 SHIPRIDGE DRIVE sales from August 2020 and June 2022 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 August 2020 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2022 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 31 SHIPRIDGE DRIVE?

31 SHIPRIDGE DRIVE is 87m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Spencers Wood, and where 31 SHIPRIDGE DRIVE lies on this distribution: 5% of detached houses are smaller than 31 SHIPRIDGE DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

31 SHIPRIDGE DRIVE: Plot and Title Map

31 SHIPRIDGE DRIVE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 31 SHIPRIDGE 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 31 SHIPRIDGE 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 31 SHIPRIDGE DRIVE?

31 SHIPRIDGE DRIVE is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 31 on SHIPRIDGE DRIVE.