12, OAKLANDS DRIVE, REDHILL, RH1 6RN - £315,000

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

12 OAKLANDS DRIVE is a very small detached house of 58m², built sometime between 1991 and 1995. It was last sold for £315,000 in December 2019, which was around 58% below the average December 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

12 OAKLANDS DRIVE Sold Prices

Land registry data shows two sales for 12 OAKLANDS DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 12 OAKLANDS DRIVE 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
2019 20 DEC	£315,000	£758,389	58% below HPI
2006 29 SEP	£185,000	£442,684	58% below HPI

12 OAKLANDS DRIVE 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 two 12 OAKLANDS DRIVE sales from September 2006 and December 2019 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 2006 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the December 2019 sale, which was also at 58% below the HPI.

How Large is 12 OAKLANDS DRIVE?

12 OAKLANDS DRIVE is 58m² according to the EPC inspection conducted in July 2016. 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 12 OAKLANDS DRIVE lies on this distribution: 2% of detached houses are smaller than 12 OAKLANDS DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Redhill.

12 OAKLANDS DRIVE: Plot and Title Map

12 OAKLANDS DRIVE sits on a plot of roughly 0.019 of an acre, or 77m². The below map shows the location of 12 OAKLANDS DRIVE, 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 12 OAKLANDS DRIVE). 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 12 OAKLANDS DRIVE?

12 OAKLANDS DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 12 on OAKLANDS DRIVE.