9, SEVENOAKS DRIVE, SPENCERS WOOD, READING, RG7 1AZ - £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.

9 SEVENOAKS DRIVE is a very small detached house of 91m², built sometime between 2003 and 2006, which could now be worth an estimated £575,809. It was last sold for £530,000 in February 2022, which was around 26% below the average February 2022 detached price in the Wokingham local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

9 SEVENOAKS DRIVE Sold Prices

Land registry data shows four sales for 9 SEVENOAKS DRIVE 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 9 SEVENOAKS DRIVE 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 16 FEB	£530,000	£714,960	26% below HPI
2007 18 MAY	£340,000	£419,217	19% below HPI
2004 17 DEC	£297,250	£361,132	18% below HPI
1997 21 MAR	£124,950	£153,346	19% below HPI

9 SEVENOAKS 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 four 9 SEVENOAKS DRIVE sales between March 1997 and February 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 May 2007 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2022 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 9 SEVENOAKS DRIVE be worth now?

9 SEVENOAKS DRIVE might now be worth an estimated £575,809.

This is based on house price inflation of 8.6%, between February 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 8.6% inflationary increase is applied to the most recent sale price for 9 SEVENOAKS DRIVE of £530,000 on 16th February 2022. For the value to have increased from £530,000 to £575,809 over the three years to February 2025, the following assumptions must hold true:

• The value of 9 SEVENOAKS DRIVE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The February 2022 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SEVENOAKS DRIVE has not materially changed since February 2022.

How Large is 9 SEVENOAKS DRIVE?

9 SEVENOAKS DRIVE is 91m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% of detached houses houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spencers Wood, and where 9 SEVENOAKS DRIVE lies on this distribution: 11% of detached houses houses are smaller than 9 SEVENOAKS DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

9 SEVENOAKS DRIVE: Plot and Title Map

9 SEVENOAKS DRIVE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 9 SEVENOAKS 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 9 SEVENOAKS 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 9 SEVENOAKS DRIVE?

9 SEVENOAKS DRIVE is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 9 on SEVENOAKS DRIVE.