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

THE ORCHARD is a large detached house of 163m², built sometime between 1976 and 1982. It was last sold for £445,000 in June 2015, which was around 18% 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	£542,713	18% below HPI
1995 13 JUL	£138,000	£131,802	5% 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 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2015 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

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 in Spencers Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Spencers Wood, and where THE ORCHARD lies on this distribution: 73% of detached 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.