121A, LONDON ROAD NORTH, MERSTHAM, REDHILL, RH1 3AL - £840,000

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.

121A LONDON ROAD NORTH is a large detached house of 154m², built sometime between 1930 and 1949, which could now be worth an estimated £923,662. It was last sold for £840,000 in February 2021, which was around 2% above the average February 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

121A LONDON ROAD NORTH Sold Prices

Land registry data shows two sales for 121A LONDON ROAD NORTH 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. One of the two 121A LONDON ROAD NORTH sales was for above the average price, whilst the other was 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 9 FEB	£840,000	£826,905	2% above HPI
2005 26 OCT	£395,000	£442,491	11% below HPI

121A LONDON ROAD NORTH 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 121A LONDON ROAD NORTH sales from October 2005 and February 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 October 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2021 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 121A LONDON ROAD NORTH be worth now?

121A LONDON ROAD NORTH might now be worth an estimated £923,662.

This is based on house price inflation of 10%, between February 2021 and March 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 10% inflationary increase is applied to the most recent sale price for 121A LONDON ROAD NORTH of £840,000 on 9th February 2021. For the value to have increased from £840,000 to £923,662 over the three years and eleven months to March 2025, the following assumptions must hold true:

• The value of 121A LONDON ROAD NORTH has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The February 2021 sale price of £840,000 represented a fair market value for the property.
• The size, condition, and specification of 121A LONDON ROAD NORTH has not materially changed since February 2021.

How Large is 121A LONDON ROAD NORTH?

121A LONDON ROAD NORTH is 154m² according to the EPC inspection conducted in June 2020. This puts it in the largest 30% of detached houses houses in Hooley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hooley, and where 121A LONDON ROAD NORTH lies on this distribution: 76% of detached houses houses are smaller than 121A LONDON ROAD NORTH, and 24% of houses are larger. Note that EPC data is not available for all properties in Hooley.

121A LONDON ROAD NORTH: Plot and Title Map

121A LONDON ROAD NORTH sits on a plot of roughly 0.232 of an acre, or 938m². The below map shows the location of 121A LONDON ROAD NORTH, 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 121A LONDON ROAD NORTH). 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 121A LONDON ROAD NORTH?

121A LONDON ROAD NORTH is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 121A on LONDON ROAD NORTH.