10, SOUTHCOTE ROAD, MERSTHAM, REDHILL, RH1 3LJ - £485,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

10 SOUTHCOTE ROAD is a very small extended detached house of 83m², built sometime between 1900 and 1929, which could now be worth an estimated £531,725. It was last sold for £485,000 in June 2021, which was around 41% below the average June 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2017, where the current energy rating was E, and the potential energy rating was C.

10 SOUTHCOTE ROAD Sold Prices

Land registry data shows three sales for 10 SOUTHCOTE 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 10 SOUTHCOTE 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
2021 28 JUN	£485,000	£819,655	41% below HPI
2017 28 JUL	£467,500	£784,030	40% below HPI
2014 17 OCT	£400,000	£675,654	41% below HPI

10 SOUTHCOTE 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 10 SOUTHCOTE ROAD sales between October 2014 and June 2021 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 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the June 2021 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 10 SOUTHCOTE ROAD be worth now?

10 SOUTHCOTE ROAD might now be worth an estimated £531,725.

This is based on house price inflation of 9.6%, between June 2021 and February 2025, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.6% inflationary increase is applied to the most recent sale price for 10 SOUTHCOTE ROAD of £485,000 on 28th June 2021. For the value to have increased from £485,000 to £531,725 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 10 SOUTHCOTE ROAD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The June 2021 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 10 SOUTHCOTE ROAD has not materially changed since June 2021.

How Large is 10 SOUTHCOTE ROAD?

10 SOUTHCOTE ROAD is 83m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of detached houses houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Merstham, and where 10 SOUTHCOTE ROAD lies on this distribution: 8% of detached houses houses are smaller than 10 SOUTHCOTE ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

10 SOUTHCOTE ROAD: Plot and Title Map

10 SOUTHCOTE ROAD sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 10 SOUTHCOTE 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 10 SOUTHCOTE 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 10 SOUTHCOTE ROAD?

10 SOUTHCOTE ROAD is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 10 on SOUTHCOTE ROAD.