Most Expensive Places to Live in Wokingham

Wokingham is often cited by the press as being an expensive place to buy property in the UK but, in reality, the town falls outside of the top 20 highest value towns for homes. Neighbouring areas like Virginia Water, Henley on Thames and Ascot are all much more expensive when it comes to the average house price.

However, as one of our largest areas for marketing property, we thought it would be fun to look at exactly where in Wokingham the most expensive places to live are.

Researching Expensive Homes in Wokingham

According to data collected by Zoopla for the last five years, the current average house value in Wokingham is £505,740 (as of September 2019) with the actual price paid over this period being £451,804. This data has been derived from a total figure of more than 5,000 property sales.

We looked at the property sale records for the most expensive homes that have sold in the town over the last twenty years covering more than 21,000 sales and collated these to come up with the postcodes where house prices are the highest.

Image via Flickr.

Wokinghams’ Most Expensive Properties

So, where are these high-cost homes and just how much money are we talking about?

Sandhurst Road

Situated to the south of the town and running from the Think Ford garage to Lower Wokingham Road, Sandhurst Road is where you can find the most expensive homes in this area. In fact, according to Zoopla, it is where the most expensive property was sold over the last twenty years.

Queens Mere, a 10-bedroom , 8-bathroom and 5-reception room country home changed hands in December 2012 for a price of £4.5 million; however, Zoopla estimates that this figure has probably risen to around £6.17 million if the home was to be marketed today. That would mean monthly mortgage repayments in excess of £15,000!

Queens Cottage on the same stretch of road with the same number of bedrooms but having just 5 bathrooms and 3 receptions rooms is estimated to be worth around £3.81 million. Whilst Hunters Gate with 6 bedrooms, 5 bathrooms and 3 reception rooms could fetch around £2.18 million if it came to market.

The Ridges

The Finchampstead Ridges, owned by the National Trust, are one of the area’s most picturesque beauty spots and offer residents a rural setting with some spectacular views and idyllic rural woodland surroundings. Situated at the top of Wellingtonia Avenue and backing on to Simon’s Wood, The Ridges was once the hunting ground for royalty and is supposedly where Prince Arthur was brought by his father King Henry VII to meet his future bride, Catherine of Aragon.

The Ridges at Finchampstead. Image via Colin Smith, Geograph.

The houses here are set well back from the road with large gated driveways and imposing looking homes screened from view.

Sold in 1997, the most expensive home here at Ridge End, changed hands for less than a million pounds at the time (£915,000) but is now thought to be worth in excess of £3.8 million.

Wildedge on the other hand was last purchased in 2009 for £2.25 million with just 6 bedrooms, 4 bathrooms and 3 reception rooms. If you wanted to buy this property today then it would set you back an estimated £3.58 million.

In fact properties on The Ridges account for 9 of the top 40 most expensive houses in Wokingham, these include:

Lower Sandhurst Road

Running east from Finchampstead towards Sandhurst and directly below The Ridges, Lower Sandhurst Road benefits from being in a rural setting with access to Horseshoe Lakes and the same National Trust land in which The Ridges itself is set.

Image via Google Earth.

Properties here usually come with a sizeable plot and very generous accommodation. Monkshall is the priciest of these with an estimated value of £3.085 million although it last changed hands in 1998 for £940,000.

Moor Green Farm was last sold in August 2017 for a sum of £2.85 million and, according to Zoopla, this has fallen slightly to £2.82 million.

By contrast, the owners of Ridgedale House who purchased the 6-bedroom property in November 2001 have seen their money double from £1.13 million to £2.34 million.

Wick Hill

Staying in the same area, Wick Hill is the countryside road that joins the new part of Finchampstead with the old. Leading up towards the Ridges and set in a rural location, the area is highly sought after for its privacy.

A home in this part of Wokingham is likely to cost you well over a million pounds with several addresses achieving the giddy heights of £2 million plus:

South Drive

Moving away from Finchampstead and into Wokingham proper, South Drive at the rear of Langborough Recreation Ground is the most expensive place to purchase property in the town itself.

Just a short walk away from the convenience of the shops, bars and restaurants but enjoying a ‘Private Road’, residents enjoy an excellent position.

A home here on South Drive could cost you as much as £3.6 million with one 6-bedroom property being the 6th most expensive home in Wokingham. Two neighbouring houses are worth in excess of £3 million and £2 million each making it an exclusive, as well as private, part of town.

Image via Google Earth.

Buying and Selling a Home With Property Assistant

Whilst many of us can only dream about buying a home like one of these, we know that a property chain extends to include buyers and sellers at both ends of the ladder. We offer a comprehensive range of services including bespoke premium sales and marketing packages for homes that appeal to a more niche budget.

Whatever size and value of home you are looking to buy (or sell) then we know that we can tailor a service to suit you. Give us a call on 0118 912 2370 today to discuss your plans.

This article was first published on the Property Assistant website.