7A, GROVELANDS ROAD, SPENCERS WOOD, READING, RG7 1DP - £745,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7A GROVELANDS ROAD is a very large detached house of 194m², built sometime between 1996 and 2002. It was last sold for £745,000 in June 2018, which was around 21% above the average June 2018 detached price in the Wokingham local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

7A GROVELANDS ROAD Sold Prices

Land registry data shows four sales for 7A GROVELANDS ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the four 7A GROVELANDS ROAD sales 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
2018 26 JUN	£745,000	£617,300	21% above HPI
2002 22 NOV	£475,000	£326,188	46% above HPI
2001 3 SEP	£450,000	£286,133	57% above HPI
1998 30 APR	£192,500	£176,479	9% above HPI

7A GROVELANDS ROAD 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 four 7A GROVELANDS ROAD sales between April 1998 and June 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 November 2002 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the June 2018 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 7A GROVELANDS ROAD?

7A GROVELANDS ROAD is 194m² according to the EPC inspection conducted in October 2017. This puts it in the largest 10% of detached houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Spencers Wood, and where 7A GROVELANDS ROAD lies on this distribution: 90% of detached houses are smaller than 7A GROVELANDS ROAD, and 10% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

7A GROVELANDS ROAD: Plot and Title Map

7A GROVELANDS ROAD sits on a plot of roughly 0.166 of an acre, or 672m². The below map shows the location of 7A GROVELANDS ROAD, 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 7A GROVELANDS ROAD). 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 7A GROVELANDS ROAD?

7A GROVELANDS ROAD is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 7A on GROVELANDS ROAD.