THE GARDEN COTTAGE, GREEN DRIVE, WOKINGHAM, RG40 2HT - £600,000

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

THE GARDEN COTTAGE is a very small extended detached house of 75m², built sometime between 1900 and 1929. It was last sold for £600,000 in December 2022, which was around 17% below the average December 2022 detached price in the Wokingham local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

THE GARDEN COTTAGE Sold Prices

Land registry data shows two sales for THE GARDEN 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. One of the two THE GARDEN COTTAGE sales was for below the average price, whilst the other was 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
2022 8 DEC	£600,000	£727,147	17% below HPI
2002 18 JUL	£325,000	£307,812	6% above HPI

THE GARDEN 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 THE GARDEN COTTAGE sales from July 2002 and December 2022 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 2002 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the December 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is THE GARDEN COTTAGE?

THE GARDEN COTTAGE is 75m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the smallest 10% of detached houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses by size in Wokingham, and where THE GARDEN COTTAGE lies on this distribution: 2% of detached houses are smaller than THE GARDEN COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

THE GARDEN COTTAGE: Plot and Title Map

THE GARDEN COTTAGE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of THE GARDEN 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 THE GARDEN 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 THE GARDEN COTTAGE?

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