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Spencers Wood and Three Mile Cross House Prices Spencers Wood and Three Mile Cross House Prices

The average house price in Spencers Wood and Three Mile Cross is £518,250 using HM Land Registry data.

The average property price increased by £92,916 (23.15%) over the last 5 years and increased by £18,618 (3.91%) over the last 12 months.

Over the last year, there were 77 residential property sales – a decrease of 99 transactions (-128.57%) relative to the previous year. The majority of house sales (23) were in the £428,000 - £512,000 range. Then came properties in the £344,000 - £428,000 range, where 17 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 164 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,194 (-2%).

In December 2024, there were 8 new estate agency instructions, 7 agreed home sales and 7 property price reductions.

Neighbouring Areas: Reading, Shinfield

Postcodes Covered: RG2, RG7

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

23.15%

Property prices in Spencers Wood and Three Mile Cross increased by 23.15% 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

3.91%

Property prices in Spencers Wood and Three Mile Cross increased by 3.91% 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.

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).

Property Market Heat Gauge for Spencers Wood and Three Mile Cross - December 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
30 Woodcock Court, Three Mile Cross, Reading, Wokingham, RG7 1BZ£415,000£405,000-£10,00010 Aug 202414 Nov 202496 Days
60 Woodcock Court, Three Mile Cross, Reading, Wokingham, RG7 1BZ£650,000£650,000£014 Jun 202424 Oct 2024132 Days
Bracondale, Basingstoke Road, Spencers Wood, Reading, Wokingham, RG7 1AA£375,000£375,000£008 Feb 202405 Aug 2024179 Days
4 Stanbury Gate, Spencers Wood, Reading, Wokingham, RG7 1SR£270,000£270,000£013 Feb 202427 Jun 2024135 Days
14 Century Drive, Spencers Wood, Reading, Wokingham, RG7 1PE£480,000£448,000-£32,00014 Oct 202307 Jun 2024237 Days
44 Larchside Close, Spencers Wood, Reading, Wokingham, RG7 1DS£425,000£425,000£023 Oct 202303 Apr 2024163 Days
3 The Square, Spencers Wood, Reading, Wokingham, RG7 1BS£550,000£540,000-£10,00022 Nov 202328 Mar 2024127 Days
27 The Square, Spencers Wood, Reading, Wokingham, RG7 1BS£400,000£380,000-£20,00016 Nov 202315 Mar 2024120 Days
Avalon, Basingstoke Road, Three Mile Cross, Reading, Wokingham, RG7 1AR£400,000£400,000£012 Jan 202415 Mar 202463 Days
2 Greenend Close, Spencers Wood, Reading, Wokingham, RG7 1EH£675,000£675,000£020 Oct 202301 Mar 2024133 Days
9 Beech Hill Road, Spencers Wood, Reading, Wokingham, RG7 1HL£650,000£620,000-£30,00014 Apr 202307 Feb 2024299 Days
21 Wallace Grove, Three Mile Cross, Reading, Wokingham, RG7 1EZ£450,000£445,000-£5,00001 Aug 202322 Jan 2024174 Days
6 Elizabeth Rout Close, Spencers Wood, Reading, Wokingham, RG7 1DQ£465,000£460,000-£5,00030 Jun 202304 Jan 2024188 Days
30 Grazeley Road, Three Mile Cross, Reading, Wokingham, RG7 1BJ£735,000£735,000£020 Mar 202304 Jan 2024290 Days
3 Salmon Close, Spencers Wood, Reading, Wokingham, RG7 1EG£475,000£435,000-£40,00022 Mar 202311 Dec 2023264 Days
25 Larchside Close, Spencers Wood, Reading, Wokingham, RG7 1DS£365,000£360,000-£5,00012 Aug 202016 Oct 20231160 Days
35 Hyde End Lane, Ryeish Green, Reading, Wokingham, RG7 1EP£575,000£575,000£015 Jun 202313 Oct 2023120 Days
260a, Hyde End Road, Spencers Wood, Reading, Wokingham, RG7 1DL£1,100,000£1,050,000-£50,00011 May 202309 Oct 2023151 Days
347 Hyde End Road, Spencers Wood, Reading, Wokingham, RG7 1DD£515,000£505,000-£10,00030 May 202306 Oct 2023129 Days
Elmleigh, Basingstoke Road, Three Mile Cross, Reading, Wokingham, RG7 1AX£440,000£425,000-£15,00014 Jul 202329 Sep 202377 Days

Most Expensive Streets in Spencers Wood and Three Mile Cross

PostcodeStreetAreaAverageNo. of Sales
RG7 1BYSussex LaneSpencers Wood£823,6663
RG7 1DPGrovelands RoadSpencers Wood£723,6046
RG7 1DUClares Green RoadSpencers Wood£691,0005
RG7 1DGHyde End RoadSpencers Wood£680,8333
RG2 9EXCroft RoadShinfield£676,0005
RG7 1HLBeech Hill RoadSpencers Wood£652,5004
RG7 1ZFCook GroveSpencers Wood£649,6094
RG7 1QBHill ViewSpencers Wood£648,3333
RG7 1YPJardine MeadowsSpencers Wood£640,9005
RG7 1APBasingstoke RoadSpencers Wood£637,2857

Least Expensive Streets in Spencers Wood and Three Mile Cross

PostcodeStreetAreaAverageNo. of Sales
RG7 1PBGreat Lea TerraceThree Mile Cross£186,7374
RG7 1DTBlackwater CloseSpencers Wood£244,3163
RG7 1TFSheraton HouseBasingstoke Road£249,5004
RG7 1GEMays CourtCoronation Drive£254,6417
RG7 1FWElm CourtCoronation Drive£255,7399
RG7 1FPFullbrook AvenueSpencers Wood£255,7504
RG7 1GFRoebuck HouseChurch Lane£261,6653
RG7 1XBFullbrook AvenueSpencers Wood£263,12028
RG7 1XFFullbrook AvenueSpencers Wood£263,2504
RG7 1FEFullbrook AvenueSpencers Wood£284,15624

Explore Spencers Wood and Three Mile Cross and Neighbouring Area House Prices

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