NEWLANDS, SIMONS LANE, WOKINGHAM, RG41 3HH - £525,000

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.

NEWLANDS is a very large extended detached house of 200m², built sometime between 2003 and 2006, which could now be worth an estimated £1,177,664. It was last sold for £525,000 in February 2004, which was around 52% above the average February 2004 detached price in the Wokingham local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

NEWLANDS Sold Prices

Land registry data shows three sales for NEWLANDS 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 NEWLANDS 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
2004 19 FEB	£525,000	£346,276	52% above HPI
2002 21 JUN	£410,000	£308,808	33% above HPI
1999 21 JUL	£217,950	£206,253	6% above HPI

NEWLANDS 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 NEWLANDS sales between July 1999 and February 2004 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 June 2002 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the February 2004 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might NEWLANDS be worth now?

NEWLANDS might now be worth an estimated £1,177,664.

This is based on house price inflation of 124.3%, between February 2004 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 124.3% inflationary increase is applied to the most recent sale price for NEWLANDS of £525,000 on 19th February 2004. For the value to have increased from £525,000 to £1,177,664 over the 21 years to February 2025, the following assumptions must hold true:

• The value of NEWLANDS has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The February 2004 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of NEWLANDS has not materially changed since February 2004.

How Large is NEWLANDS?

NEWLANDS is 200m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the largest 20% 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 NEWLANDS lies on this distribution: 86% of detached houses houses are smaller than NEWLANDS, and 13% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on SIMONS LANE in WOKINGHAM, in the RG41 postcode district. The below map shows the position of NEWLANDS on SIMONS LANE.