BIRCHES, GORSE RIDE NORTH, FINCHAMPSTEAD, WOKINGHAM, RG40 4ES - £550,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

BIRCHES is a midsized extended detached house of 135m², built sometime between 1976 and 1982. It was last sold for £550,000 in May 2019, which was around 8% below the average May 2019 detached price in the Wokingham local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

BIRCHES Sold Prices

Land registry data shows two sales for BIRCHES 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 BIRCHES 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
2019 10 MAY	£550,000	£600,526	8% below HPI
1998 27 JAN	£169,000	£172,978	2% below HPI

BIRCHES 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 BIRCHES sales from January 1998 and May 2019 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 January 1998 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2019 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is BIRCHES?

BIRCHES is 135m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 50% of detached houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses by size in Wokingham, and where BIRCHES lies on this distribution: 51% of detached houses are smaller than BIRCHES, and 48% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

BIRCHES: Plot and Title Map

BIRCHES sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of BIRCHES, 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 BIRCHES). 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 BIRCHES?

BIRCHES is located on GORSE RIDE NORTH in FINCHAMPSTEAD, in the RG40 postcode district. The below map shows the position of BIRCHES on GORSE RIDE NORTH.