6, THE LAURELS, WOODLEY, READING, RG5 3BA - £590,000

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.

6 THE LAURELS is a large extended detached house of 135m², built sometime between 2003 and 2006, which could now be worth an estimated £695,284. It was last sold for £590,000 in December 2020, which was around 10% below the average December 2020 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

6 THE LAURELS Sold Prices

Land registry data shows three sales for 6 THE LAURELS 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. One of the three 6 THE LAURELS sales was for below the average price, whilst two were 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
2020 8 DEC	£590,000	£659,135	10% below HPI
2012 12 OCT	£447,000	£438,484	2% above HPI
2005 15 FEB	£440,000	£361,724	22% above HPI

6 THE LAURELS 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 6 THE LAURELS sales between February 2005 and December 2020 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 October 2012 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the December 2020 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 6 THE LAURELS be worth now?

6 THE LAURELS might now be worth an estimated £695,284.

This is based on house price inflation of 17.8%, between December 2020 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 17.8% inflationary increase is applied to the most recent sale price for 6 THE LAURELS of £590,000 on 8th December 2020. For the value to have increased from £590,000 to £695,284 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 6 THE LAURELS has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The December 2020 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of 6 THE LAURELS has not materially changed since December 2020.

How Large is 6 THE LAURELS?

6 THE LAURELS is 135m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the largest 30% of detached houses houses in Woodley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodley, and where 6 THE LAURELS lies on this distribution: 71% of detached houses houses are smaller than 6 THE LAURELS, and 29% of houses are larger. Note that EPC data is not available for all properties in Woodley.

6 THE LAURELS: Plot and Title Map

6 THE LAURELS sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 6 THE LAURELS, 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 6 THE LAURELS). 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 6 THE LAURELS?

6 THE LAURELS is located in WOODLEY, in the RG5 postcode district. The below map shows the position of No. 6 on THE LAURELS.