THE ORCHARD, SPENWOOD CLOSE, SPENCERS WOOD, READING, RG7 1DE - £445,000

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.

THE ORCHARD is a large detached house of 163m², built sometime between 1976 and 1982, which could now be worth an estimated £617,710. It was last sold for £445,000 in June 2015, which was around 20% below the average June 2015 detached price in the Wokingham local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

THE ORCHARD Sold Prices

Land registry data shows two sales for THE ORCHARD 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 ORCHARD 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
2015 12 JUN	£445,000	£559,577	20% below HPI
1995 13 JUL	£138,000	£135,898	2% above HPI

THE ORCHARD 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 ORCHARD sales from July 1995 and June 2015 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 1995 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2015 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might THE ORCHARD be worth now?

THE ORCHARD might now be worth an estimated £617,710.

This is based on house price inflation of 38.8%, between June 2015 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 38.8% inflationary increase is applied to the most recent sale price for THE ORCHARD of £445,000 on 12th June 2015. For the value to have increased from £445,000 to £617,710 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of THE ORCHARD has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The June 2015 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of THE ORCHARD has not materially changed since June 2015.

How Large is THE ORCHARD?

THE ORCHARD is 163m² according to the EPC inspection conducted in June 2014. This puts it in the largest 30% 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 THE ORCHARD lies on this distribution: 72% of detached houses houses are smaller than THE ORCHARD, and 27% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

THE ORCHARD: Plot and Title Map

THE ORCHARD sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of THE ORCHARD, 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 ORCHARD). 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 ORCHARD?

THE ORCHARD is located on SPENWOOD CLOSE in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of THE ORCHARD on SPENWOOD CLOSE.