£1,348,557
This estimated value is based upon the latest sale price for the house of £930,000 on 31 Jul 2015. This value is then adjusted by the current Official House Price Index for WOKINGHAM 1
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2 Southgate House, Alexandra Court, Wokingham, RG40 2BJ
Phone: 01184430933
| Price Paid | Date |
|---|---|
| £930,000 | 31 Jul 2015 |
| £315,000 | 11 Apr 1997 |
| Detached |
| Freehold |
| Floor Area: 215 sq meters or 2,314 sq feet |
This model uses changes in the Official Land Registry House Price Index for WOKINGHAM to estimate the market value.
When this house was purchased in July 2015 the House Price Index for WOKINGHAM was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £930,000 results in an estimated price of approximately £1,348,557.
| 31 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £930,000 | £418,557 | £1,348,557 |
The Postcode Pricing Model uses changes in average sales price within the RG41 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -11.333 % | £-105,397 | £824,602 |
| 3 Month Average | 35.096 % | £326,388 | £1,256,388 |
| 6 Month Average | 27.048 % | £251,546 | £1,181,546 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Oct 2023 | £649,757 | £635,000 | 15 MAGNOLIA WAY |
| 28 Sep 2023 | £608,412 | £595,000 | 19 MAGNOLIA WAY |
| 18 Sep 2023 | £885,521 | £866,000 | 3 MAGNOLIA WAY |
| 11 Sep 2023 | £536,834 | £525,000 | 23 PHILLIPS CLOSE |
| 20 Jun 2023 | £484,714 | £475,000 | 49 LAUREL CLOSE |
This house has a floor area of 215 sq meters or 2,314 sq feet when measured on 27 Oct 2014. Using an estimated price of £1,348,557 means this house is valued at £6,272 per sq meter (£582 per sq foot).
The average size of a house on FOLLY ORCHARD is 350 sq meters (3,769 sq feet).
This house is the smallest in the street with a floor area of 215 sq meters (2,314 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Drugs | Local resolution | On or near Wisteria Close |
| Jun 2024 | Other theft | Under investigation | On or near Beechnut Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beechnut Close |
| Apr 2024 | Other crime | Investigation complete; no suspect identified | On or near Beechnut Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Phillips Close |