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Spencers Wood and Three Mile Cross House Prices

The average house price in Spencers Wood and Three Mile Cross is £411,740 using HM Land Registry data.

The average property price increased by £58,253 (14.22%) over the last 5 years and increased by £11,642 (2.55%) over the last 12 months.

Over the last year, there were 97 residential property sales – a decrease of 155 transactions (-159.79%) relative to the previous year. The majority of house sales (26) were in the £428,000 - £512,000 range. Then came properties in the £344,000 - £428,000 range, where 20 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 56 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-17,204 (-3%).

In April 2024, there were 30 new estate agency instructions, 18 agreed home sales and 10 property price reductions.

5-Year Average Property Prices in Spencers Wood and Three Mile Cross

14.22%

Property prices in Spencers Wood and Three Mile Cross increased by 14.22% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Spencers Wood and Three Mile Cross Over the Last Year

2.55%

Property prices in Spencers Wood and Three Mile Cross increased by 2.55% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Spencers Wood and Three Mile Cross - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Spencers Wood and Three Mile Cross

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Spencers Wood and Three Mile Cross

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Spencers Wood and Three Mile Cross

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Spencers Wood and Three Mile Cross since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Spencers Wood and Three Mile Cross area since 1995.

Recent Property Sales in Spencers Wood and Three Mile Cross

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
9 Beech Hill Road, Spencers Wood, Reading, Wokingham, RG7 1HL	£650,000	£620,000	-£30,000	14 Apr 2023	07 Feb 2024	299 Days
21 Wallace Grove, Three Mile Cross, Reading, Wokingham, RG7 1EZ	£450,000	£445,000	-£5,000	01 Aug 2023	22 Jan 2024	174 Days
3 Salmon Close, Spencers Wood, Reading, Wokingham, RG7 1EG	£475,000	£435,000	-£40,000	22 Mar 2023	11 Dec 2023	264 Days
25 Larchside Close, Spencers Wood, Reading, Wokingham, RG7 1DS	£365,000	£360,000	-£5,000	12 Aug 2020	16 Oct 2023	1160 Days
35 Hyde End Lane, Ryeish Green, Reading, Wokingham, RG7 1EP	£575,000	£575,000	£00	15 Jun 2023	13 Oct 2023	120 Days
260a, Hyde End Road, Spencers Wood, Reading, Wokingham, RG7 1DL	£1,100,000	£1,050,000	-£50,000	11 May 2023	09 Oct 2023	151 Days
347 Hyde End Road, Spencers Wood, Reading, Wokingham, RG7 1DD	£515,000	£505,000	-£10,000	30 May 2023	06 Oct 2023	129 Days
Elmleigh, Basingstoke Road, Three Mile Cross, Reading, Wokingham, RG7 1AX	£440,000	£425,000	-£15,000	14 Jul 2023	29 Sep 2023	77 Days
5 Jordan Close, Spencers Wood, Reading, Wokingham, RG7 1BT	£925,000	£910,000	-£15,000	17 May 2023	15 Sep 2023	121 Days
95 Hyde End Lane, Ryeish Green, Reading, Wokingham, RG7 1ES	£550,000	£540,000	-£10,000	21 Sep 2022	08 Sep 2023	352 Days
288 Hyde End Road, Spencers Wood, Reading, Wokingham, RG7 1DN	£535,000	£525,000	-£10,000	06 Mar 2023	01 Sep 2023	179 Days
9 Greenend Close, Spencers Wood, Reading, Wokingham, RG7 1EH	£575,000	£570,000	-£5,000	01 Apr 2023	28 Jul 2023	118 Days
2 Hill View, Spencers Wood, Reading, Wokingham, RG7 1QB	£800,000	£780,000	-£20,000	17 Apr 2023	20 Jul 2023	94 Days
25 Kingfisher Grove, Three Mile Cross, Reading, Wokingham, RG7 1RA	£475,000	£450,000	-£25,000	03 Feb 2023	07 Jul 2023	154 Days
11 Grazeley Road, Three Mile Cross, Reading, Wokingham, RG7 1BL	£625,000	£595,000	-£30,000	09 Jan 2023	07 Jul 2023	179 Days
286 Hyde End Road, Spencers Wood, Reading, Wokingham, RG7 1DN	£485,000	£477,000	-£8,000	26 Dec 2022	21 Jun 2023	177 Days
39 Hyde End Lane, Ryeish Green, Reading, Wokingham, RG7 1EP	£450,000	£401,000	-£49,000	14 Oct 2022	02 Jun 2023	231 Days
Hollyville, Croft Road, Spencers Wood, Reading, Wokingham, RG7 1DR	£600,000	£580,000	-£20,000	10 Jun 2022	20 Feb 2023	255 Days
40 Century Drive, Spencers Wood, Reading, Wokingham, RG7 1PE	£370,000	£360,000	-£10,000	01 Aug 2022	17 Feb 2023	200 Days
34 Woodcock Court, Three Mile Cross, Reading, Wokingham, RG7 1BZ	£390,000	£390,000	£00	04 Jul 2022	17 Feb 2023	228 Days

Most Expensive Streets in Spencers Wood and Three Mile Cross

Postcode	Street	Area	Average	No. of Sales
RG7 1BY	Sussex Lane	Spencers Wood	£823,666	3
RG2 9EY	Croft Road	Shinfield	£773,331	3
RG7 1DG	Hyde End Road	Spencers Wood	£680,833	3
RG2 9EX	Croft Road	Shinfield	£676,000	5
RG7 1DU	Clares Green Road	Spencers Wood	£674,166	6
RG7 1DP	Grovelands Road	Spencers Wood	£673,804	7
RG7 1HL	Beech Hill Road	Spencers Wood	£652,500	4
RG7 1DQ	Elizabeth Rout Close	Spencers Wood	£652,166	3
RG7 1QB	Hill View	Spencers Wood	£648,333	3
RG7 1YP	Jardine Meadows	Spencers Wood	£640,900	5

Least Expensive Streets in Spencers Wood and Three Mile Cross

Postcode	Street	Area	Average	No. of Sales
RG7 1PB	Great Lea Terrace	Three Mile Cross	£186,737	4
RG7 1GF	Roebuck House	Church Lane	£236,943	9
RG7 1DT	Blackwater Close	Spencers Wood	£244,316	3
RG7 1TF	Sheraton House	Basingstoke Road	£252,666	3
RG7 1GE	Mays Court	Coronation Drive	£254,641	7
RG7 1FW	Elm Court	Coronation Drive	£255,739	9
RG7 1XB	Fullbrook Avenue	Spencers Wood	£274,904	27
RG7 1FE	Fullbrook Avenue	Spencers Wood	£287,870	25
RG7 1HJ	Clements Close	Spencers Wood	£289,250	4
RG7 1DS	Larchside Close	Spencers Wood	£291,062	8