PENLAN, GREEN DRIVE, WOKINGHAM, RG40 2HT - £500,000

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

PENLAN is a midsized extended detached house of 130m², built sometime between 1967 and 1975. It was last sold for £500,000 in August 2014, which was around 1% below the average August 2014 detached price in the Wokingham local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

PENLAN Sold Prices

Land registry data shows two sales for PENLAN 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 PENLAN 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
2014 7 AUG	£500,000	£504,363	1% below HPI
2005 22 APR	£277,500	£347,040	20% below HPI

PENLAN 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 PENLAN sales from April 2005 and August 2014 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 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2014 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is PENLAN?

PENLAN is 130m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 50% of detached houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses by size in Wokingham, and where PENLAN lies on this distribution: 46% of detached houses are smaller than PENLAN, and 53% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

PENLAN: Plot and Title Map

PENLAN sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of PENLAN, 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 PENLAN). 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 PENLAN?

PENLAN is located on GREEN DRIVE in WOKINGHAM, in the RG40 postcode district. The below map shows the position of PENLAN on GREEN DRIVE.