HOPE LODGE, WICK HILL LANE, FINCHAMPSTEAD, WOKINGHAM, RG40 3QG - £1,260,000

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.

HOPE LODGE is a very large detached house of 265m², built sometime between 1996 and 2002, which could now be worth an estimated £1,370,105. It was last sold for £1,260,000 in March 2022, which was around 76% above the average March 2022 detached price in the Wokingham local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

HOPE LODGE Sold Prices

Land registry data shows three sales for HOPE LODGE 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 HOPE LODGE 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
2022 24 MAR	£1,260,000	£714,334	76% above HPI
2001 31 MAY	£488,000	£272,348	79% above HPI
1995 21 DEC	£252,500	£136,679	85% above HPI

HOPE LODGE 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 HOPE LODGE sales between December 1995 and March 2022 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 2001 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the March 2022 sale, where it falls to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might HOPE LODGE be worth now?

HOPE LODGE might now be worth an estimated £1,370,105.

This is based on house price inflation of 8.7%, between March 2022 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 8.7% inflationary increase is applied to the most recent sale price for HOPE LODGE of £1,260,000 on 24th March 2022. For the value to have increased from £1,260,000 to £1,370,105 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of HOPE LODGE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The March 2022 sale price of £1,260,000 represented a fair market value for the property.
• The size, condition, and specification of HOPE LODGE has not materially changed since March 2022.

How Large is HOPE LODGE?

HOPE LODGE is 265m² according to the EPC inspection conducted in October 2021. This puts it in the largest 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 HOPE LODGE lies on this distribution: 96% of detached houses houses are smaller than HOPE LODGE, and 4% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

HOPE LODGE: Plot and Title Map

HOPE LODGE sits on a plot of roughly 0.324 of an acre, or 1,313m². The below map shows the location of HOPE LODGE, 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 HOPE LODGE). 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 HOPE LODGE?

HOPE LODGE is located on WICK HILL LANE in FINCHAMPSTEAD, in the RG40 postcode district. The below map shows the position of HOPE LODGE on WICK HILL LANE.