9, SOMERSET CLOSE, WOKINGHAM, RG41 3AJ - £525,000

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 SOMERSET CLOSE is a small detached house of 109m², built sometime between 1983 and 1990, which could now be worth an estimated £639,327. It was last sold for £525,000 in February 2017, which was around 18% below the average February 2017 detached price in the Wokingham local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

9 SOMERSET CLOSE Sold Prices

Land registry data shows three sales for 9 SOMERSET CLOSE 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. All of the three 9 SOMERSET 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 22 FEB	£525,000	£637,853	18% below HPI
2005 16 SEP	£330,000	£378,195	13% below HPI
2000 11 AUG	£235,000	£272,077	14% below HPI

9 SOMERSET 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 three 9 SOMERSET CLOSE sales between August 2000 and February 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 September 2005 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2017 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 9 SOMERSET CLOSE be worth now?

9 SOMERSET CLOSE might now be worth an estimated £639,327.

This is based on house price inflation of 21.8%, between February 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 21.8% inflationary increase is applied to the most recent sale price for 9 SOMERSET CLOSE of £525,000 on 22nd February 2017. For the value to have increased from £525,000 to £639,327 over the eight years to February 2025, the following assumptions must hold true:

• The value of 9 SOMERSET CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The February 2017 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SOMERSET CLOSE has not materially changed since February 2017.

How Large is 9 SOMERSET CLOSE?

9 SOMERSET CLOSE is 109m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 30% 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 9 SOMERSET CLOSE lies on this distribution: 24% of detached houses houses are smaller than 9 SOMERSET CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

9 SOMERSET CLOSE: Plot and Title Map

9 SOMERSET CLOSE sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 9 SOMERSET 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 9 SOMERSET 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 9 SOMERSET CLOSE?

9 SOMERSET CLOSE is located in WOKINGHAM, in the RG41 postcode district. The below map shows the position of No. 9 on SOMERSET CLOSE.