15, ORCHARD CLOSE, SPENCERS WOOD, READING, RG7 1EJ - £290,000

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.

15 ORCHARD CLOSE is a very small terraced house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £426,810. It was last sold for £290,000 in November 2014, which was around 14% above the average November 2014 terraced price in the Wokingham local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

15 ORCHARD CLOSE Sold Prices

Land registry data shows three sales for 15 ORCHARD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Wokingham local authority area for the corresponding sale date. All of the three 15 ORCHARD CLOSE 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
2014 13 NOV	£290,000	£255,162	14% above HPI
2005 16 NOV	£220,000	£185,382	19% above HPI
1998 12 NOV	£112,000	£87,185	28% above HPI

15 ORCHARD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Wokingham local authority area over time, sourced from the HPI. The three 15 ORCHARD CLOSE sales between November 1998 and November 2014 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 November 2005 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2014 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 15 ORCHARD CLOSE be worth now?

15 ORCHARD CLOSE might now be worth an estimated £426,810.

This is based on house price inflation of 47.2%, between November 2014 and June 2025, for terraced 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 47.2% inflationary increase is applied to the most recent sale price for 15 ORCHARD CLOSE of £290,000 on 13th November 2014. For the value to have increased from £290,000 to £426,810 over the eleven years and five months to June 2025, the following assumptions must hold true:

• The value of 15 ORCHARD CLOSE has moved in line with the HPI for terraced houses in the Wokingham local authority area.
• The November 2014 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 15 ORCHARD CLOSE has not materially changed since November 2014.

How Large is 15 ORCHARD CLOSE?

15 ORCHARD CLOSE is 78m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of terraced houses houses in Spencers Wood, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Spencers Wood, and where 15 ORCHARD CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 15 ORCHARD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Spencers Wood.

15 ORCHARD CLOSE: Plot and Title Map

15 ORCHARD CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 15 ORCHARD CLOSE, 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 15 ORCHARD CLOSE). 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 15 ORCHARD CLOSE?

15 ORCHARD CLOSE is located in SPENCERS WOOD, in the RG7 postcode district. The below map shows the position of No. 15 on ORCHARD CLOSE.