1B, MOLLY MILLARS LANE, WOKINGHAM, RG41 2RT - £427,500

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.

1B MOLLY MILLARS LANE is a midsized extended detached house of 130m², built sometime between 1950 and 1966, which could now be worth an estimated £579,068. It was last sold for £427,500 in July 2015, which was around 24% below the average July 2015 detached price in the Wokingham local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

1B MOLLY MILLARS LANE Sold Prices

Land registry data shows five sales for 1B MOLLY MILLARS LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wokingham local authority area for the corresponding sale date. All of the five 1B MOLLY MILLARS LANE sales were for below 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 10 JUL	£427,500	£565,858	24% below HPI
2009 15 JAN	£320,000	£374,955	15% below HPI
2007 9 NOV	£330,000	£449,263	27% below HPI
2003 7 AUG	£200,000	£341,480	41% below HPI
2000 2 JUN	£152,500	£265,679	43% below HPI

1B MOLLY MILLARS LANE 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 five 1B MOLLY MILLARS LANE sales between June 2000 and July 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 January 2009 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2015 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 1B MOLLY MILLARS LANE be worth now?

1B MOLLY MILLARS LANE might now be worth an estimated £579,068.

This is based on house price inflation of 35.5%, between July 2015 and May 2026, 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 35.5% inflationary increase is applied to the most recent sale price for 1B MOLLY MILLARS LANE of £427,500 on 10th July 2015. For the value to have increased from £427,500 to £579,068 over the eleven years and two months to May 2026, the following assumptions must hold true:

• The value of 1B MOLLY MILLARS LANE has moved in line with the HPI for detached houses in the Wokingham local authority area.
• The July 2015 sale price of £427,500 represented a fair market value for the property.
• The size, condition, and specification of 1B MOLLY MILLARS LANE has not materially changed since July 2015.

How Large is 1B MOLLY MILLARS LANE?

1B MOLLY MILLARS LANE is 130m², which includes two extensions, according to the EPC inspection conducted in February 2015. This puts it in the smallest 50% of detached houses houses in Wokingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wokingham, and where 1B MOLLY MILLARS LANE lies on this distribution: 45% of detached houses houses are smaller than 1B MOLLY MILLARS LANE, and 54% of houses are larger. Note that EPC data is not available for all properties in Wokingham.

1B MOLLY MILLARS LANE: Plot and Title Map

1B MOLLY MILLARS LANE sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of 1B MOLLY MILLARS LANE, 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 1B MOLLY MILLARS LANE). 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 1B MOLLY MILLARS LANE?

1B MOLLY MILLARS LANE is located in WOKINGHAM, in the RG41 postcode district. The below map shows the position of No. 1B on MOLLY MILLARS LANE.