18, FAIRLAWN DRIVE, REDHILL, RH1 6JP - £710,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 FAIRLAWN DRIVE is a midsized detached house of 136m², built sometime between 1950 and 1966, which could now be worth an estimated £857,351. It was last sold for £710,000 in May 2016, which was around 5% below the average May 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was D.

18 FAIRLAWN DRIVE Sold Prices

Land registry data shows two sales for 18 FAIRLAWN 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 18 FAIRLAWN 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
2016 12 MAY	£710,000	£744,176	5% below HPI
2008 31 MAR	£470,000	£522,541	10% below HPI

18 FAIRLAWN 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 18 FAIRLAWN DRIVE sales from March 2008 and May 2016 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 March 2008 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2016 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 18 FAIRLAWN DRIVE be worth now?

18 FAIRLAWN DRIVE might now be worth an estimated £857,351.

This is based on house price inflation of 20.8%, between May 2016 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 20.8% inflationary increase is applied to the most recent sale price for 18 FAIRLAWN DRIVE of £710,000 on 12th May 2016. For the value to have increased from £710,000 to £857,351 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 18 FAIRLAWN DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2016 sale price of £710,000 represented a fair market value for the property.
• The size, condition, and specification of 18 FAIRLAWN DRIVE has not materially changed since May 2016.

How Large is 18 FAIRLAWN DRIVE?

18 FAIRLAWN DRIVE is 136m² according to the EPC inspection conducted in June 2014. This puts it in the largest 50% 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 18 FAIRLAWN DRIVE lies on this distribution: 55% of detached houses houses are smaller than 18 FAIRLAWN DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Redhill.

18 FAIRLAWN DRIVE: Plot and Title Map

18 FAIRLAWN DRIVE sits on a plot of roughly 0.283 of an acre, or 1,146m². The below map shows the location of 18 FAIRLAWN 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 18 FAIRLAWN 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 18 FAIRLAWN DRIVE?

18 FAIRLAWN DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 18 on FAIRLAWN DRIVE.