8, SOUTH CLOSE, WOKINGHAM, RG40 2DJ - £575,000

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 SOUTH CLOSE is a very small extended detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £697,868. It was last sold for £575,000 in August 2017, which was around 10% below the average August 2017 detached price in the Wokingham local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

8 SOUTH CLOSE Sold Prices

Land registry data shows four sales for 8 SOUTH CLOSE 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 8 SOUTH 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
2017 23 AUG	£575,000	£639,999	10% below HPI
2011 28 OCT	£400,000	£424,520	6% below HPI
2008 31 MAR	£365,000	£438,357	17% below HPI
1995 31 AUG	£90,000	£137,388	34% below HPI

8 SOUTH 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 four 8 SOUTH CLOSE sales between August 1995 and August 2017 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 2011 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2017 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 8 SOUTH CLOSE be worth now?

8 SOUTH CLOSE might now be worth an estimated £697,868.

This is based on house price inflation of 21.4%, between August 2017 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 21.4% inflationary increase is applied to the most recent sale price for 8 SOUTH CLOSE of £575,000 on 23rd August 2017. For the value to have increased from £575,000 to £697,868 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 8 SOUTH CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The August 2017 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SOUTH CLOSE has not materially changed since August 2017.

How Large is 8 SOUTH CLOSE?

8 SOUTH CLOSE is 91m², which includes three extensions, according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% 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 SOUTH CLOSE lies on this distribution: 9% of detached houses houses are smaller than 8 SOUTH CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

8 SOUTH CLOSE: Plot and Title Map

8 SOUTH CLOSE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 8 SOUTH 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 SOUTH 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 SOUTH CLOSE?

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