8, MAGILL CLOSE, SPENCERS WOOD, READING, RG7 1BW - £403,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

8 MAGILL CLOSE is a very small semi-detached house of 71m², built sometime between 1983 and 1990. It was last sold for £403,000 in October 2022, which was around 44% below the average October 2022 detached price in the Wokingham local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

8 MAGILL CLOSE Sold Prices

Land registry data shows five sales for 8 MAGILL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the five 8 MAGILL 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 14 OCT	£403,000	£725,023	44% below HPI
2018 26 OCT	£343,000	£630,352	46% below HPI
2008 29 FEB	£227,000	£434,533	48% below HPI
2002 17 MAY	£160,000	£298,924	46% below HPI
1998 4 SEP	£87,500	£187,975	53% below HPI

8 MAGILL 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 five 8 MAGILL CLOSE sales between September 1998 and October 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 October 2018 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the October 2022 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 8 MAGILL CLOSE?

8 MAGILL CLOSE is 71m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 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 8 MAGILL CLOSE lies on this distribution: 2% of detached houses are smaller than 8 MAGILL CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

8 MAGILL CLOSE: Plot and Title Map

8 MAGILL CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 8 MAGILL 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 MAGILL 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 MAGILL CLOSE?

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