5, BENHAM DRIVE, SPENCERS WOOD, READING, RG7 1FB - £442,500

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.

5 BENHAM DRIVE is a large detached house of 150m², built sometime between 2003 and 2006, which could now be worth an estimated £549,945. It was last sold for £442,500 in February 2019, which was around 29% below the average February 2019 detached price in the Wokingham local authority area. The most recent EPC inspection was May 2018, where the current energy rating was B, and the potential energy rating was B.

5 BENHAM DRIVE Sold Prices

Land registry data shows three sales for 5 BENHAM DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. Two of the three 5 BENHAM DRIVE sales were for below the average price, whilst one was for above 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
2019 20 FEB	£442,500	£624,998	29% below HPI
2012 27 SEP	£412,500	£438,889	6% below HPI
2007 27 FEB	£459,950	£408,551	13% above HPI

5 BENHAM 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 three 5 BENHAM DRIVE sales between February 2007 and February 2019 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 2012 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 5 BENHAM DRIVE be worth now?

5 BENHAM DRIVE might now be worth an estimated £549,945.

This is based on house price inflation of 24.3%, between February 2019 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 24.3% inflationary increase is applied to the most recent sale price for 5 BENHAM DRIVE of £442,500 on 20th February 2019. For the value to have increased from £442,500 to £549,945 over the six years to February 2025, the following assumptions must hold true:

• The value of 5 BENHAM DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The February 2019 sale price of £442,500 represented a fair market value for the property.
• The size, condition, and specification of 5 BENHAM DRIVE has not materially changed since February 2019.

How Large is 5 BENHAM DRIVE?

5 BENHAM DRIVE is 150m² according to the EPC inspection conducted in May 2018. This puts it in the largest 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 5 BENHAM DRIVE lies on this distribution: 62% of detached houses houses are smaller than 5 BENHAM DRIVE, and 38% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

5 BENHAM DRIVE: Plot and Title Map

5 BENHAM DRIVE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 5 BENHAM 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 5 BENHAM 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 5 BENHAM DRIVE?

5 BENHAM DRIVE is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 5 on BENHAM DRIVE.