9, LANCE WAY, ARBORFIELD GREEN, READING, RG2 9YY - £600,000

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

9 LANCE WAY is a midsized detached house of 131m², which could now be worth an estimated £722,960. It was last sold for £600,000 in July 2020, which was around 6% below the average July 2020 detached price in the Wokingham local authority area. The most recent EPC inspection was June 2020, where the current energy rating was B, and the potential energy rating was A.

9 LANCE WAY Sold Prices

Land registry data shows two sales for 9 LANCE WAY 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. One of the two 9 LANCE WAY sales was for below the average price, whilst the other was for above 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
2020 22 JUL	£600,000	£638,774	6% below HPI
2018 1 MAR	£4,000,000	£644,962	520% above HPI

9 LANCE WAY 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 9 LANCE WAY sales from March 2018 and July 2020 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 March 2018 sale was for 520% above the HPI. So the extrapolation line tracks at 520% above the HPI over time, until the July 2020 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 9 LANCE WAY be worth now?

9 LANCE WAY might now be worth an estimated £722,960.

This is based on house price inflation of 20.5%, between July 2020 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 20.5% inflationary increase is applied to the most recent sale price for 9 LANCE WAY of £600,000 on 22nd July 2020. For the value to have increased from £600,000 to £722,960 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 9 LANCE WAY has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The July 2020 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 9 LANCE WAY has not materially changed since July 2020.

How Large is 9 LANCE WAY?

9 LANCE WAY is 131m² according to the EPC inspection conducted in June 2020. This puts it in the largest 50% of detached houses houses in Arborfield Garrison, based on EPC data. The below chart shows the distribution of detached houses houses by size in Arborfield Garrison, and where 9 LANCE WAY lies on this distribution: 57% of detached houses houses are smaller than 9 LANCE WAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Arborfield Garrison.

9 LANCE WAY: Plot and Title Map

9 LANCE WAY sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 9 LANCE WAY, 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 9 LANCE WAY). 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 9 LANCE WAY?

9 LANCE WAY is located in ARBORFIELD GREEN, in the RG2 postcode district. The below map shows the position of No. 9 on LANCE WAY.