131, HITCHINGS WAY, REIGATE, RH2 8EP - £565,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

131 HITCHINGS WAY is a very small extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £565,000 in July 2019, which was around 24% below the average July 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

131 HITCHINGS WAY Sold Prices

Land registry data shows three sales for 131 HITCHINGS WAY 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 131 HITCHINGS 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
2019 12 JUL	£565,000	£744,867	24% below HPI
2005 10 JUN	£299,950	£425,023	29% below HPI
1998 16 JUL	£144,000	£204,770	30% below HPI

131 HITCHINGS 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 three 131 HITCHINGS WAY sales between July 1998 and July 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 June 2005 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2019 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 131 HITCHINGS WAY?

131 HITCHINGS WAY is 115m², which includes two extensions, according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 131 HITCHINGS WAY lies on this distribution: 19% of detached houses are smaller than 131 HITCHINGS WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Reigate.

131 HITCHINGS WAY: Plot and Title Map

131 HITCHINGS WAY sits on a plot of roughly 0.167 of an acre, or 677m². The below map shows the location of 131 HITCHINGS 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 131 HITCHINGS 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 131 HITCHINGS WAY?

131 HITCHINGS WAY is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 131 on HITCHINGS WAY.