9, SUMMIT CLOSE, FINCHAMPSTEAD, WOKINGHAM, RG40 3LH - £457,500

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 SUMMIT CLOSE is a very small detached house of 87m², built sometime between 1950 and 1966, which could now be worth an estimated £825,775. It was last sold for £457,500 in November 2011, which was around 6% above the average November 2011 detached price in the Wokingham local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was D.

9 SUMMIT CLOSE Sold Prices

Land registry data shows two sales for 9 SUMMIT CLOSE 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. Both of the two 9 SUMMIT CLOSE sales were 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
2011 25 NOV	£457,500	£430,342	6% above HPI
1996 9 JUL	£165,000	£137,613	20% above HPI

9 SUMMIT 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 two 9 SUMMIT CLOSE sales from July 1996 and November 2011 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 July 1996 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the November 2011 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 9 SUMMIT CLOSE be worth now?

9 SUMMIT CLOSE might now be worth an estimated £825,775.

This is based on house price inflation of 80.5%, between November 2011 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 80.5% inflationary increase is applied to the most recent sale price for 9 SUMMIT CLOSE of £457,500 on 25th November 2011. For the value to have increased from £457,500 to £825,775 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 9 SUMMIT CLOSE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The November 2011 sale price of £457,500 represented a fair market value for the property.
• The size, condition, and specification of 9 SUMMIT CLOSE has not materially changed since November 2011.

How Large is 9 SUMMIT CLOSE?

9 SUMMIT CLOSE is 87m² according to the EPC inspection conducted in August 2011. 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 9 SUMMIT CLOSE lies on this distribution: 7% of detached houses houses are smaller than 9 SUMMIT CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

9 SUMMIT CLOSE: Plot and Title Map

9 SUMMIT CLOSE sits on a plot of roughly 0.203 of an acre, or 821m². The below map shows the location of 9 SUMMIT 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 SUMMIT 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 SUMMIT CLOSE?

9 SUMMIT CLOSE is located in FINCHAMPSTEAD, in the RG40 postcode district. The below map shows the position of No. 9 on SUMMIT CLOSE.