SUSSEX COTTAGE, SUSSEX LANE, SPENCERS WOOD, READING, RG7 1BY - £995,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SUSSEX COTTAGE is a small extended detached house of 115m², built sometime between 1983 and 1990, which could now be worth an estimated £1,157,919. It was last sold for £995,000 in June 2021, which was around 50% above the average June 2021 detached price in the Wokingham local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

SUSSEX COTTAGE Sold Prices

Land registry data shows two sales for SUSSEX COTTAGE 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 SUSSEX COTTAGE 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
2021 29 JUN	£995,000	£661,386	50% above HPI
2014 6 JUN	£525,000	£497,197	6% above HPI

SUSSEX COTTAGE 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 SUSSEX COTTAGE sales from June 2014 and June 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 June 2014 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2021 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might SUSSEX COTTAGE be worth now?

SUSSEX COTTAGE might now be worth an estimated £1,157,919.

This is based on house price inflation of 16.4%, between June 2021 and December 2024, 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 16.4% inflationary increase is applied to the most recent sale price for SUSSEX COTTAGE of £995,000 on 29th June 2021. For the value to have increased from £995,000 to £1,157,919 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of SUSSEX COTTAGE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The June 2021 sale price of £995,000 represented a fair market value for the property.
• The size, condition, and specification of SUSSEX COTTAGE has not materially changed since June 2021.

How Large is SUSSEX COTTAGE?

SUSSEX COTTAGE is 115m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spencers Wood, and where SUSSEX COTTAGE lies on this distribution: 31% of detached houses houses are smaller than SUSSEX COTTAGE, and 66% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

SUSSEX COTTAGE: Plot and Title Map

SUSSEX COTTAGE sits on a plot of roughly 0.209 of an acre, or 847m². The below map shows the location of SUSSEX COTTAGE, 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 SUSSEX COTTAGE). 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 SUSSEX COTTAGE?

SUSSEX COTTAGE is located on SUSSEX LANE in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of SUSSEX COTTAGE on SUSSEX LANE.