8, ASKEW DRIVE, SPENCERS WOOD, READING, RG7 1HG - £345,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 ASKEW DRIVE is a small extended detached house of 121m², built sometime between 1967 and 1975, which could now be worth an estimated £574,927. It was last sold for £345,000 in October 2013, which was around 25% below the average October 2013 detached price in the Wokingham local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

8 ASKEW DRIVE Sold Prices

Land registry data shows three sales for 8 ASKEW 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 8 ASKEW 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
2013 15 OCT	£345,000	£461,867	25% below HPI
2006 7 SEP	£310,000	£393,555	21% below HPI
1999 18 FEB	£175,000	£194,886	10% below HPI

8 ASKEW 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 8 ASKEW DRIVE sales between February 1999 and October 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 September 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2013 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 8 ASKEW DRIVE be worth now?

8 ASKEW DRIVE might now be worth an estimated £574,927.

This is based on house price inflation of 66.6%, between October 2013 and December 2024, 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 66.6% inflationary increase is applied to the most recent sale price for 8 ASKEW DRIVE of £345,000 on 15th October 2013. For the value to have increased from £345,000 to £574,927 over the ten years and ten months to December 2024, the following assumptions must hold true:

• The value of 8 ASKEW DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The October 2013 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ASKEW DRIVE has not materially changed since October 2013.

How Large is 8 ASKEW DRIVE?

8 ASKEW DRIVE is 121m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 40% of detached houses houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spencers Wood, and where 8 ASKEW DRIVE lies on this distribution: 37% of detached houses houses are smaller than 8 ASKEW DRIVE, and 62% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

8 ASKEW DRIVE: Plot and Title Map

8 ASKEW DRIVE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 8 ASKEW 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 8 ASKEW 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 8 ASKEW DRIVE?

8 ASKEW DRIVE is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 8 on ASKEW DRIVE.