49, MITCHELL WAY, WOODLEY, READING, RG5 4NQ - £475,000

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

49 MITCHELL WAY is a very small detached house of 89m². It was last sold for £475,000 in October 2021, which was around 29% below the average October 2021 detached price in the Wokingham local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

49 MITCHELL WAY Sold Prices

Land registry data shows five sales for 49 MITCHELL WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the five 49 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
2021 4 OCT	£475,000	£669,485	29% below HPI
2017 5 SEP	£435,100	£631,428	31% below HPI
2012 28 SEP	£270,000	£425,662	37% below HPI
2004 4 JUN	£237,000	£337,914	30% below HPI
1999 10 NOV	£145,000	£220,290	34% below HPI

49 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 five 49 MITCHELL WAY sales between November 1999 and October 2021 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 September 2017 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 49 MITCHELL WAY?

49 MITCHELL WAY is 89m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 20% of detached houses in Woodley, based on EPC data. The below chart shows the distribution of detached houses by size in Woodley, and where 49 MITCHELL WAY lies on this distribution: 20% of detached houses are smaller than 49 MITCHELL WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Woodley.

49 MITCHELL WAY: Plot and Title Map

49 MITCHELL WAY sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 49 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 49 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 49 MITCHELL WAY?

49 MITCHELL WAY is located in WOODLEY, in the RG5 postcode district. The below map shows the position of No. 49 on MITCHELL WAY.