PARKLEA, BASINGSTOKE ROAD, SPENCERS WOOD, READING, RG7 1PH - £320,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

PARKLEA is a very small extended semi-detached house of 62m², built sometime between 1900 and 1929. It was last sold for £320,000 in January 2021, which was around 49% below the average January 2021 detached price in the Wokingham local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

PARKLEA Sold Prices

Land registry data shows five sales for PARKLEA since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the five PARKLEA 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
2021 25 JAN	£320,000	£630,694	49% below HPI
2011 9 SEP	£220,000	£416,332	47% below HPI
2004 3 DEC	£189,950	£350,249	46% below HPI
1998 19 JAN	£92,250	£172,978	47% below HPI
1995 28 APR	£69,500	£128,659	46% below HPI

PARKLEA 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 five PARKLEA sales between April 1995 and January 2021 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 September 2011 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the January 2021 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is PARKLEA?

PARKLEA is 62m², which includes three extensions, according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% of detached houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Spencers Wood, and where PARKLEA lies on this distribution: 1% of detached houses are smaller than PARKLEA, and 99% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

PARKLEA: Plot and Title Map

PARKLEA sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of PARKLEA, 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 PARKLEA). 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 PARKLEA?

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