SPRINGFIELD, FOSTERS LANE, WOODLEY, READING, RG5 4HH - £475,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SPRINGFIELD is a small detached house of 95m², built sometime between 1950 and 1966. It was last sold for £475,000 in October 2019, which was around 22% below the average October 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 C.

SPRINGFIELD Sold Prices

Land registry data shows two sales for SPRINGFIELD 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 SPRINGFIELD 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 OCT	£475,000	£609,943	22% below HPI
2005 22 JUL	£330,000	£353,871	7% below HPI

SPRINGFIELD 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 SPRINGFIELD sales from July 2005 and October 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 2005 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2019 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 95m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 30% of detached houses in Woodley, based on EPC data. The below chart shows the distribution of detached houses by size in Woodley, and where SPRINGFIELD lies on this distribution: 26% of detached houses are smaller than SPRINGFIELD, and 73% of houses are larger. Note that EPC data is not available for all properties in Woodley.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.185 of an acre, or 751m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

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