62, SCHOOL DRIVE, WOODLEY, READING, RG5 3PZ - £248,000

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.

62 SCHOOL DRIVE is a very small detached house of 75m², built sometime between 2003 and 2006, which could now be worth an estimated £454,336. It was last sold for £248,000 in July 2010, which was around 42% below the average July 2010 detached price in the Wokingham local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

62 SCHOOL DRIVE Sold Prices

Land registry data shows two sales for 62 SCHOOL 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 62 SCHOOL 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
2010 23 JUL	£248,000	£423,993	42% below HPI
2007 7 MAR	£249,950	£415,272	40% below HPI

62 SCHOOL 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 62 SCHOOL DRIVE sales from March 2007 and July 2010 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 March 2007 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2010 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 62 SCHOOL DRIVE be worth now?

62 SCHOOL DRIVE might now be worth an estimated £454,336.

This is based on house price inflation of 83.2%, between July 2010 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 83.2% inflationary increase is applied to the most recent sale price for 62 SCHOOL DRIVE of £248,000 on 23rd July 2010. For the value to have increased from £248,000 to £454,336 over the fifteen years and five months to February 2025, the following assumptions must hold true:

• The value of 62 SCHOOL DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The July 2010 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 62 SCHOOL DRIVE has not materially changed since July 2010.

How Large is 62 SCHOOL DRIVE?

62 SCHOOL DRIVE is 75m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 10% 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 62 SCHOOL DRIVE lies on this distribution: 8% of detached houses houses are smaller than 62 SCHOOL DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Woodley.

62 SCHOOL DRIVE: Plot and Title Map

62 SCHOOL DRIVE sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 62 SCHOOL 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 62 SCHOOL 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 62 SCHOOL DRIVE?

62 SCHOOL DRIVE is located in WOODLEY, in the RG5 postcode district. The below map shows the position of No. 62 on SCHOOL DRIVE.