THE GROVE, BASINGSTOKE ROAD, SPENCERS WOOD, READING, RG7 1AL - £635,000

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 GROVE is a very large detached house of 177m². It was last sold for £635,000 in April 2016, which was around 5% above the average April 2016 detached price in the Wokingham local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

THE GROVE Sold Prices

Land registry data shows three sales for THE GROVE 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 THE GROVE 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
2016 29 APR	£635,000	£605,904	5% above HPI
2004 13 SEP	£415,000	£351,371	18% above HPI
1998 22 OCT	£245,000	£187,035	31% above HPI

THE GROVE 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 THE GROVE sales between October 1998 and April 2016 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 September 2004 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2016 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is THE GROVE?

THE GROVE is 177m² according to the EPC inspection conducted in November 2009. This puts it in the largest 20% of detached houses in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Spencers Wood, and where THE GROVE lies on this distribution: 84% of detached houses are smaller than THE GROVE, and 16% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

THE GROVE: Plot and Title Map

THE GROVE sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of THE GROVE, 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 GROVE). 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 GROVE?

THE GROVE is located on BASINGSTOKE ROAD in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of THE GROVE on BASINGSTOKE ROAD.