SANDFORD MILL, SANDFORD LANE, WOODLEY, READING, RG5 4TB - £1,370,000

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.

SANDFORD MILL is a very large detached house of 331m², built sometime between 1996 and 2002, which could now be worth an estimated £1,647,346. It was last sold for £1,370,000 in September 2018, which was around 112% above the average September 2018 detached price in the Wokingham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was C.

SANDFORD MILL Sold Prices

Land registry data shows three sales for SANDFORD MILL 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 SANDFORD MILL 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
2018 14 SEP	£1,370,000	£645,982	112% above HPI
2014 14 AUG	£1,750,000	£520,036	237% above HPI
1995 15 DEC	£371,000	£136,679	171% above HPI

SANDFORD MILL 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 SANDFORD MILL sales between December 1995 and September 2018 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 August 2014 sale was for 237% above the HPI. So the extrapolation line tracks at 237% above the HPI over time, until the September 2018 sale, where it falls to 112% above the HPI. The line then continues to track at 112% above the HPI.

What might SANDFORD MILL be worth now?

SANDFORD MILL might now be worth an estimated £1,647,346.

This is based on house price inflation of 20.2%, between September 2018 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 20.2% inflationary increase is applied to the most recent sale price for SANDFORD MILL of £1,370,000 on 14th September 2018. For the value to have increased from £1,370,000 to £1,647,346 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of SANDFORD MILL has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The September 2018 sale price of £1,370,000 represented a fair market value for the property.
• The size, condition, and specification of SANDFORD MILL has not materially changed since September 2018.

How Large is SANDFORD MILL?

SANDFORD MILL is 331m² according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of detached houses houses in Woodley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodley, and where SANDFORD MILL lies on this distribution: More than 99% of detached houses houses are smaller than SANDFORD MILL, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Woodley.

SANDFORD MILL: Plot and Title Map

SANDFORD MILL sits on a plot of roughly 0.442 of an acre, or 1,787m². The below map shows the location of SANDFORD MILL, 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 SANDFORD MILL). 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 SANDFORD MILL?

SANDFORD MILL is located on SANDFORD LANE in WOODLEY, in the RG5 postcode district. The below map shows the position of SANDFORD MILL on SANDFORD LANE.