ITHACA, BASINGSTOKE ROAD, SPENCERS WOOD, READING, RG7 1AJ - £660,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

ITHACA is a large extended detached house of 160m², built sometime before 1900, which could now be worth an estimated £694,684. It was last sold for £660,000 in December 2023, which was around 10% below the average December 2023 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2022, where the current energy rating was E, and the potential energy rating was C.

ITHACA Sold Prices

Land registry data shows two sales for ITHACA 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. One of the two ITHACA sales was for below the average price, whilst the other was 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
2023 18 DEC	£660,000	£731,252	10% below HPI
1995 6 APR	£138,000	£132,657	4% above HPI

ITHACA 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 ITHACA sales from April 1995 and December 2023 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 April 1995 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the December 2023 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might ITHACA be worth now?

ITHACA might now be worth an estimated £694,684.

This is based on house price inflation of 5.3%, between December 2023 and December 2024, 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 5.3% inflationary increase is applied to the most recent sale price for ITHACA of £660,000 on 18th December 2023. For the value to have increased from £660,000 to £694,684 over the one year to December 2024, the following assumptions must hold true:

• The value of ITHACA has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The December 2023 sale price of £660,000 represented a fair market value for the property.
• The size, condition, and specification of ITHACA has not materially changed since December 2023.

How Large is ITHACA?

ITHACA is 160m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the largest 30% 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 ITHACA lies on this distribution: 71% of detached houses houses are smaller than ITHACA, and 29% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

ITHACA: Plot and Title Map

ITHACA sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of ITHACA, 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 ITHACA). 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 ITHACA?

ITHACA is located on BASINGSTOKE ROAD in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of ITHACA on BASINGSTOKE ROAD.