16, MILL LANE, MERSTHAM, REDHILL, RH1 3HQ - £360,000

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

16 MILL LANE is a midsized extended detached house of 119m², built sometime between 1900 and 1929. It was last sold for £360,000 in July 2010, which was around 29% below the average July 2010 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

16 MILL LANE Sold Prices

Land registry data shows two sales for 16 MILL LANE 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 MILL LANE 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
2010 9 JUL	£360,000	£509,675	29% below HPI
2003 17 DEC	£237,500	£392,197	39% below HPI

16 MILL LANE 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 MILL LANE sales from December 2003 and July 2010 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 2003 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2010 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 16 MILL LANE?

16 MILL LANE is 119m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 50% 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 16 MILL LANE lies on this distribution: 48% of detached houses are smaller than 16 MILL LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

16 MILL LANE: Plot and Title Map

16 MILL LANE sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 16 MILL LANE, 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 MILL LANE). 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 MILL LANE?

16 MILL LANE is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 16 on MILL LANE.