16, BUDGEN DRIVE, REDHILL, RH1 2QB - £249,950

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

16 BUDGEN DRIVE is a large extended detached house of 160m², built sometime between 1983 and 1990, which could now be worth an estimated £667,166. It was last sold for £249,950 in December 2001, which was around 26% below the average December 2001 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was C.

16 BUDGEN DRIVE Sold Prices

Land registry data shows two sales for 16 BUDGEN DRIVE 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 16 BUDGEN DRIVE 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
2001 14 DEC	£249,950	£336,663	26% below HPI
1996 1 NOV	£132,000	£162,603	19% below HPI

16 BUDGEN DRIVE 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 16 BUDGEN DRIVE sales from November 1996 and December 2001 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 1996 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2001 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 16 BUDGEN DRIVE be worth now?

16 BUDGEN DRIVE might now be worth an estimated £667,166.

This is based on house price inflation of 166.9%, between December 2001 and February 2025, for 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 166.9% inflationary increase is applied to the most recent sale price for 16 BUDGEN DRIVE of £249,950 on 14th December 2001. For the value to have increased from £249,950 to £667,166 over the 24 years and ten months to February 2025, the following assumptions must hold true:

• The value of 16 BUDGEN DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The December 2001 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 16 BUDGEN DRIVE has not materially changed since December 2001.

How Large is 16 BUDGEN DRIVE?

16 BUDGEN DRIVE is 160m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the largest 30% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 16 BUDGEN DRIVE lies on this distribution: 71% of detached houses houses are smaller than 16 BUDGEN DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Redhill.

16 BUDGEN DRIVE: Plot and Title Map

16 BUDGEN DRIVE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 16 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 16 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 16 BUDGEN DRIVE?

16 BUDGEN DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 16 on BUDGEN DRIVE.