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
14 LONDON ROAD SOUTH is a large extended detached house of 151m², built sometime between 1950 and 1966. It was last sold for £755,000 in September 2019, which was about the average September 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.
Land registry data shows two sales for 14 LONDON ROAD SOUTH since 1st 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 14 LONDON ROAD SOUTH sales was roughly equal to the average price, whilst the other was for above 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 25 SEP | £755,000 | £753,263 | Close to HPI |
2010 23 NOV | £565,000 | £508,106 | 11% above HPI |
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 14 LONDON ROAD SOUTH sales from November 2010 and September 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 November 2010 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the September 2019 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.
14 LONDON ROAD SOUTH is 151m², which includes two extensions, according to the EPC inspection conducted in June 2010. This puts it in the largest 30% of detached houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses by size in South Merstham, and where 14 LONDON ROAD SOUTH lies on this distribution: 75% of detached houses are smaller than 14 LONDON ROAD SOUTH, and 25% of houses are larger. Note that EPC data is not available for all properties in South Merstham.
14 LONDON ROAD SOUTH sits on a plot of roughly 0.206 of an acre, or 835m². The below map shows the location of 14 LONDON ROAD SOUTH, 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 14 LONDON ROAD SOUTH). 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.
14 LONDON ROAD SOUTH is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 14 on LONDON ROAD SOUTH.