£1,078,055
This estimated value is based upon the latest sale price for the house of £450,000 on 16 Apr 2003. This value is then adjusted by the current Official House Price Index for WOKINGHAM 1
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Parkers Spencers Wood, Basingstoke Road Spencers Wood, RG7 1AP
Phone: 01184438751
| Price Paid | Date |
|---|---|
| £450,000 | 16 Apr 2003 |
| £265,000 | 10 Jan 2003 |
| Detached |
| Freehold |
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 April 2003 the House Price Index for WOKINGHAM was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £450,000 results in an estimated price of approximately £1,078,055.
| 16 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £450,000 | £628,055 | £1,078,055 |
The Postcode Pricing Model uses changes in average sales price within the RG7 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 | 58.234 % | £262,054 | £712,054 |
| 3 Month Average | 82.260 % | £370,169 | £820,169 |
| 6 Month Average | 87.609 % | £394,241 | £844,241 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £861,596 | £850,000 | RICROFT BENHAM LANE |
| 24 Aug 2022 | £154,584 | £155,000 | FLAT 9 WELLINGTON HOUSE BASINGSTOKE ROAD |
| 6 Jun 2022 | £260,177 | £256,500 | 3 THE OLD RISELEY STORES BASINGSTOKE ROAD |
| 27 May 2022 | £285,377 | £280,000 | 6 THE OLD RISELEY STORES BASINGSTOKE ROAD |
| 9 May 2022 | £234,417 | £230,000 | FLAT 1 MAGNOLIA HOUSE BASINGSTOKE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Basingstoke Road | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chapel Lane |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near School Lane |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near School Lane |
| Feb 2024 | Anti-social behaviour | On or near Ragmoor Close |