7, WRIGHT CLOSE, WOODLEY, READING, RG5 4TY - £275,000

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 WRIGHT CLOSE is a very small detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £476,227. It was last sold for £275,000 in August 2013, which was around 39% below the average August 2013 detached price in the Wokingham local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

7 WRIGHT CLOSE Sold Prices

Land registry data shows two sales for 7 WRIGHT CLOSE 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 7 WRIGHT CLOSE 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
2013 2 AUG	£275,000	£448,542	39% below HPI
2002 23 DEC	£229,950	£338,532	32% below HPI

7 WRIGHT CLOSE 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 7 WRIGHT CLOSE sales from December 2002 and August 2013 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 December 2002 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2013 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 7 WRIGHT CLOSE be worth now?

7 WRIGHT CLOSE might now be worth an estimated £476,227.

This is based on house price inflation of 73.2%, between August 2013 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 73.2% inflationary increase is applied to the most recent sale price for 7 WRIGHT CLOSE of £275,000 on 2nd August 2013. For the value to have increased from £275,000 to £476,227 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 7 WRIGHT CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The August 2013 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WRIGHT CLOSE has not materially changed since August 2013.

How Large is 7 WRIGHT CLOSE?

7 WRIGHT CLOSE is 77m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% 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 7 WRIGHT CLOSE lies on this distribution: 10% of detached houses houses are smaller than 7 WRIGHT CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Woodley.

7 WRIGHT CLOSE: Plot and Title Map

7 WRIGHT CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 7 WRIGHT CLOSE, 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 WRIGHT CLOSE). 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 WRIGHT CLOSE?

7 WRIGHT CLOSE is located in WOODLEY, in the RG5 postcode district. The below map shows the position of No. 7 on WRIGHT CLOSE.