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

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.

BURWOOD is a very small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £480,963. It was last sold for £395,000 in March 2017, which was around 38% 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	£637,926	38% below HPI
1995 19 MAY	£95,000	£133,505	29% 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 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2017 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might BURWOOD be worth now?

BURWOOD might now be worth an estimated £480,963.

This is based on house price inflation of 21.8%, between March 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 BURWOOD of £395,000 on 2nd March 2017. For the value to have increased from £395,000 to £480,963 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of BURWOOD has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The March 2017 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of BURWOOD has not materially changed since March 2017.

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 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 BURWOOD lies on this distribution: 4% of detached houses 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.