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

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.

31 SHIPRIDGE DRIVE is a very small detached house of 87m², which could now be worth an estimated £515,257. It was last sold for £475,000 in June 2022, which was around 34% 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	£716,068	34% below HPI
2020 24 AUG	£420,000	£646,824	35% 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 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 31 SHIPRIDGE DRIVE be worth now?

31 SHIPRIDGE DRIVE might now be worth an estimated £515,257.

This is based on house price inflation of 8.5%, between June 2022 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 8.5% inflationary increase is applied to the most recent sale price for 31 SHIPRIDGE DRIVE of £475,000 on 24th June 2022. For the value to have increased from £475,000 to £515,257 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 31 SHIPRIDGE DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The June 2022 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 31 SHIPRIDGE DRIVE has not materially changed since June 2022.

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 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 31 SHIPRIDGE DRIVE lies on this distribution: 5% of detached houses 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.