1, PARK LANE, REIGATE, RH2 8JU - £1,700,000

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 PARK LANE is a large extended detached house of 224m², built sometime between 1900 and 1929. It was last sold for £1,700,000 in May 2023, which was around 96% above the average May 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was C.

1 PARK LANE Sold Prices

Land registry data shows five sales for 1 PARK LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Most of the five 1 PARK LANE sales were for above 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
2023 4 MAY	£1,700,000	£865,214	96% above HPI
2017 28 JUL	£1,150,000	£747,504	54% above HPI
2013 3 JUL	£999,950	£542,585	84% above HPI
2011 25 JAN	£855,000	£510,507	67% above HPI
2003 10 MAR	£200,000	£383,778	48% below HPI

1 PARK LANE 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 five 1 PARK LANE sales between March 2003 and May 2023 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 July 2017 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the May 2023 sale, where it rises to 96% above the HPI. The line then continues to track at 96% above the HPI.

How Large is 1 PARK LANE?

1 PARK LANE is 224m², which includes two extensions, according to the EPC inspection conducted in December 2022. This puts it in the largest 30% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 1 PARK LANE lies on this distribution: 80% of detached houses are smaller than 1 PARK LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Reigate.

1 PARK LANE: Plot and Title Map

1 PARK LANE sits on a plot of roughly 0.092 of an acre, or 370m². The below map shows the location of 1 PARK LANE, 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 PARK LANE). 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 PARK LANE?

1 PARK LANE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 1 on PARK LANE.