BURWOOD, CHAPEL LANE, SPENCERS WOOD, READING, RG7 1BE - £395,000

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

BURWOOD is a very small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £395,000 in March 2017, which was around 36% below the average March 2017 detached price in the Wokingham local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

BURWOOD Sold Prices

Land registry data shows two sales for BURWOOD 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 BURWOOD 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 2 MAR	£395,000	£618,701	36% below HPI
1995 19 MAY	£95,000	£129,481	27% below HPI

BURWOOD 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 BURWOOD sales from May 1995 and March 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 May 1995 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the March 2017 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is BURWOOD?

BURWOOD is 84m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Spencers Wood, and where BURWOOD lies on this distribution: 4% of detached houses are smaller than BURWOOD, and 96% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

BURWOOD: Plot and Title Map

BURWOOD sits on a plot of roughly 0.159 of an acre, or 642m². The below map shows the location of BURWOOD, 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 BURWOOD). 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 BURWOOD?

BURWOOD is located on CHAPEL LANE in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of BURWOOD on CHAPEL LANE.