MILLSTEAD, MILLWORTH LANE, SHINFIELD, READING, RG2 9EN - £565,000

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

MILLSTEAD is a midsized extended detached house of 133m², built sometime between 1950 and 1966. It was last sold for £565,000 in November 2019, which was around 9% below the average November 2019 detached price in the Wokingham local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

MILLSTEAD Sold Prices

Land registry data shows two sales for MILLSTEAD 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 MILLSTEAD 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 11 NOV	£565,000	£620,889	9% below HPI
2015 13 JUL	£489,000	£548,805	11% below HPI

MILLSTEAD 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 MILLSTEAD sales from July 2015 and November 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 July 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2019 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is MILLSTEAD?

MILLSTEAD is 133m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 50% of detached houses in Shinfield, based on EPC data. The below chart shows the distribution of detached houses by size in Shinfield, and where MILLSTEAD lies on this distribution: 57% of detached houses are smaller than MILLSTEAD, and 43% of houses are larger. Note that EPC data is not available for all properties in Shinfield.

MILLSTEAD: Plot and Title Map

MILLSTEAD sits on a plot of roughly 0.174 of an acre, or 705m². The below map shows the location of MILLSTEAD, 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 MILLSTEAD). 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 MILLSTEAD?

MILLSTEAD is located on MILLWORTH LANE in SHINFIELD, in the RG2 postcode district. The below map shows the position of MILLSTEAD on MILLWORTH LANE.