13, SPENCER WAY, REDHILL, RH1 5LF - £245,000

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

13 SPENCER WAY is a midsized detached house of 134m², built sometime between 1996 and 2002. It was last sold for £245,000 in January 2012, which was around 51% below the average January 2012 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was C.

13 SPENCER WAY Sold Prices

Land registry data shows two sales for 13 SPENCER WAY 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 13 SPENCER WAY 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
2012 11 JAN	£245,000	£503,130	51% below HPI
1997 28 NOV	£130,000	£190,043	32% below HPI

13 SPENCER WAY 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 13 SPENCER WAY sales from November 1997 and January 2012 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 November 1997 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2012 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 13 SPENCER WAY?

13 SPENCER WAY is 134m² according to the EPC inspection conducted in October 2011. This puts it in the largest 50% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 13 SPENCER WAY lies on this distribution: 54% of detached houses are smaller than 13 SPENCER WAY, and 46% of houses are larger. Note that EPC data is not available for all properties in Redhill.

13 SPENCER WAY: Plot and Title Map

13 SPENCER WAY sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 13 SPENCER WAY, 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 13 SPENCER WAY). 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 13 SPENCER WAY?

13 SPENCER WAY is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 13 on SPENCER WAY.