1, LOWER ROAD, REDHILL, RH1 6NN - £517,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 LOWER ROAD is a very small extended detached house of 84m², built sometime between 1900 and 1929. It was last sold for £517,500 in November 2022, which was around 43% below the average November 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was B.

1 LOWER ROAD Sold Prices

Land registry data shows three sales for 1 LOWER ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 1 LOWER ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 25 NOV	£517,500	£905,130	43% below HPI
2002 18 SEP	£18,000	£359,872	95% below HPI
1999 9 SEP	£142,000	£235,550	40% below HPI

1 LOWER ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The three 1 LOWER ROAD sales between September 1999 and November 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2002 sale was for 95% below the HPI. So the extrapolation line tracks at 95% below the HPI over time, until the November 2022 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 1 LOWER ROAD?

1 LOWER ROAD is 84m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 1 LOWER ROAD lies on this distribution: 9% of detached houses are smaller than 1 LOWER ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Redhill.

1 LOWER ROAD: Plot and Title Map

1 LOWER ROAD sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 1 LOWER ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 LOWER ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 LOWER ROAD?

1 LOWER ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 1 on LOWER ROAD.