8, PAYLEY DRIVE, WOKINGHAM, RG40 5YW - £530,000

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 PAYLEY DRIVE is a small detached house of 117m², built sometime between 1991 and 1995, which could now be worth an estimated £780,230. It was last sold for £530,000 in September 2014, which was about the average September 2014 detached price in the Wokingham local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

8 PAYLEY DRIVE Sold Prices

Land registry data shows three sales for 8 PAYLEY 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. The three 8 PAYLEY DRIVE sales were a mix of roughly equal to the average price, above the average price, and 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
2014 19 SEP	£530,000	£527,640	Close to HPI
2002 27 SEP	£327,000	£332,234	2% below HPI
1999 2 SEP	£230,000	£215,729	7% above HPI

8 PAYLEY 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 PAYLEY DRIVE sales between September 1999 and September 2014 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 2002 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the September 2014 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 8 PAYLEY DRIVE be worth now?

8 PAYLEY DRIVE might now be worth an estimated £780,230.

This is based on house price inflation of 47.2%, between September 2014 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 47.2% inflationary increase is applied to the most recent sale price for 8 PAYLEY DRIVE of £530,000 on 19th September 2014. For the value to have increased from £530,000 to £780,230 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 PAYLEY DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The September 2014 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PAYLEY DRIVE has not materially changed since September 2014.

How Large is 8 PAYLEY DRIVE?

8 PAYLEY DRIVE is 117m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 40% 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 PAYLEY DRIVE lies on this distribution: 32% of detached houses houses are smaller than 8 PAYLEY DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

8 PAYLEY DRIVE: Plot and Title Map

8 PAYLEY DRIVE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 8 PAYLEY 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 PAYLEY 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 PAYLEY DRIVE?

8 PAYLEY DRIVE is located in WOKINGHAM, in the RG40 postcode district. The below map shows the position of No. 8 on PAYLEY DRIVE.