15, BUDGEN DRIVE, REDHILL, RH1 2QB - £380,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 BUDGEN DRIVE is a very small semi-detached house of 92m², built sometime between 1983 and 1990, which could now be worth an estimated £591,636. It was last sold for £380,000 in April 2014, which was around 12% above the average April 2014 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

15 BUDGEN DRIVE Sold Prices

Land registry data shows two sales for 15 BUDGEN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 15 BUDGEN DRIVE sales were 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
2014 29 APR	£380,000	£339,697	12% above HPI
1997 9 DEC	£143,000	£108,772	31% above HPI

15 BUDGEN DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two 15 BUDGEN DRIVE sales from December 1997 and April 2014 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 December 1997 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the April 2014 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 15 BUDGEN DRIVE be worth now?

15 BUDGEN DRIVE might now be worth an estimated £591,636.

This is based on house price inflation of 55.7%, between April 2014 and February 2025, for semi-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 55.7% inflationary increase is applied to the most recent sale price for 15 BUDGEN DRIVE of £380,000 on 29th April 2014. For the value to have increased from £380,000 to £591,636 over the eleven years and two months to February 2025, the following assumptions must hold true:

• The value of 15 BUDGEN DRIVE has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The April 2014 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 15 BUDGEN DRIVE has not materially changed since April 2014.

How Large is 15 BUDGEN DRIVE?

15 BUDGEN DRIVE is 92m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% of semi-detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redhill, and where 15 BUDGEN DRIVE lies on this distribution: 17% of semi-detached houses houses are smaller than 15 BUDGEN DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Redhill.

15 BUDGEN DRIVE: Plot and Title Map

15 BUDGEN DRIVE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 15 BUDGEN 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 15 BUDGEN 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 15 BUDGEN DRIVE?

15 BUDGEN DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 15 on BUDGEN DRIVE.