5, THE SQUARE, SPENCERS WOOD, READING, RG7 1BS - £385,000

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.

5 THE SQUARE is a very small detached house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £466,626. It was last sold for £385,000 in July 2018, which was around 40% below the average July 2018 detached price in the Wokingham local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

5 THE SQUARE Sold Prices

Land registry data shows three sales for 5 THE SQUARE 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. All of the three 5 THE SQUARE 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
2018 12 JUL	£385,000	£640,879	40% below HPI
1999 17 SEP	£154,950	£215,729	28% below HPI
1996 17 DEC	£107,500	£144,830	26% below HPI

5 THE SQUARE 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 THE SQUARE sales between December 1996 and July 2018 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 1999 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2018 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 5 THE SQUARE be worth now?

5 THE SQUARE might now be worth an estimated £466,626.

This is based on house price inflation of 21.2%, between July 2018 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 21.2% inflationary increase is applied to the most recent sale price for 5 THE SQUARE of £385,000 on 12th July 2018. For the value to have increased from £385,000 to £466,626 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 5 THE SQUARE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The July 2018 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE SQUARE has not materially changed since July 2018.

How Large is 5 THE SQUARE?

5 THE SQUARE is 93m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 20% 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 THE SQUARE lies on this distribution: 11% of detached houses houses are smaller than 5 THE SQUARE, and 88% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

5 THE SQUARE: Plot and Title Map

5 THE SQUARE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 5 THE SQUARE, 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 THE SQUARE). 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 THE SQUARE?

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