7, BISHOPS DRIVE, WOKINGHAM, RG40 1WA - £515,000

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.

7 BISHOPS DRIVE is a small extended detached house of 113m², built sometime between 1991 and 1995, which could now be worth an estimated £604,835. It was last sold for £515,000 in June 2021, which was around 22% below the average June 2021 detached price in the Wokingham local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

7 BISHOPS DRIVE Sold Prices

Land registry data shows three sales for 7 BISHOPS 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. All of the three 7 BISHOPS 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
2021 30 JUN	£515,000	£661,386	22% below HPI
2003 3 SEP	£267,950	£344,255	22% below HPI
2002 29 MAY	£235,000	£308,213	24% below HPI

7 BISHOPS 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 7 BISHOPS DRIVE sales between May 2002 and June 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 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2021 sale, which was also at 22% below the HPI.

What might 7 BISHOPS DRIVE be worth now?

7 BISHOPS DRIVE might now be worth an estimated £604,835.

This is based on house price inflation of 17.4%, between June 2021 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 17.4% inflationary increase is applied to the most recent sale price for 7 BISHOPS DRIVE of £515,000 on 30th June 2021. For the value to have increased from £515,000 to £604,835 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 7 BISHOPS DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The June 2021 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BISHOPS DRIVE has not materially changed since June 2021.

How Large is 7 BISHOPS DRIVE?

7 BISHOPS DRIVE is 113m², which includes two extensions, according to the EPC inspection conducted in December 2019. This puts it in the smallest 30% of detached houses houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wokingham, and where 7 BISHOPS DRIVE lies on this distribution: 28% of detached houses houses are smaller than 7 BISHOPS DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

7 BISHOPS DRIVE: Plot and Title Map

7 BISHOPS DRIVE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 7 BISHOPS 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 7 BISHOPS 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 7 BISHOPS DRIVE?

7 BISHOPS DRIVE is located in WOKINGHAM, in the RG40 postcode district. The below map shows the position of No. 7 on BISHOPS DRIVE.