15, SPENCER WAY, REDHILL, RH1 5LF - £382,000

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

15 SPENCER WAY is a very small detached house of 84m², built sometime between 1996 and 2002. It was last sold for £382,000 in December 2015, which was around 45% below the average December 2015 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

15 SPENCER WAY Sold Prices

Land registry data shows three sales for 15 SPENCER 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 15 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
2015 10 DEC	£382,000	£700,556	45% below HPI
2004 29 APR	£240,000	£399,389	40% below HPI
1997 11 JUL	£127,500	£176,211	28% below HPI

15 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 three 15 SPENCER WAY sales between July 1997 and December 2015 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 April 2004 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the December 2015 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 15 SPENCER WAY?

15 SPENCER WAY is 84m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 15 SPENCER WAY lies on this distribution: 9% of detached houses are smaller than 15 SPENCER WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Redhill.

15 SPENCER WAY: Plot and Title Map

15 SPENCER WAY sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 15 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 15 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 15 SPENCER WAY?

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