8, HEATHER CLOSE, FINCHAMPSTEAD, WOKINGHAM, RG40 4PX - £525,000

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.

8 HEATHER CLOSE is a very small extended detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £553,798. It was last sold for £525,000 in August 2022, which was around 29% below the average August 2022 detached price in the Wokingham local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

8 HEATHER CLOSE Sold Prices

Land registry data shows two sales for 8 HEATHER 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 8 HEATHER 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
2022 26 AUG	£525,000	£736,364	29% below HPI
2020 31 JUL	£400,000	£638,774	37% below HPI

8 HEATHER 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 8 HEATHER CLOSE sales from July 2020 and August 2022 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 July 2020 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 8 HEATHER CLOSE be worth now?

8 HEATHER CLOSE might now be worth an estimated £553,798.

This is based on house price inflation of 5.5%, between August 2022 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 5.5% inflationary increase is applied to the most recent sale price for 8 HEATHER CLOSE of £525,000 on 26th August 2022. For the value to have increased from £525,000 to £553,798 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 8 HEATHER CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The August 2022 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HEATHER CLOSE has not materially changed since August 2022.

How Large is 8 HEATHER CLOSE?

8 HEATHER CLOSE is 98m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% 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 8 HEATHER CLOSE lies on this distribution: 14% of detached houses houses are smaller than 8 HEATHER CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

8 HEATHER CLOSE: Plot and Title Map

8 HEATHER CLOSE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 8 HEATHER 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 8 HEATHER 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 8 HEATHER CLOSE?

8 HEATHER CLOSE is located in FINCHAMPSTEAD, in the RG40 postcode district. The below map shows the position of No. 8 on HEATHER CLOSE.