18, LAVENDER CLOSE, REDHILL, RH1 5LP - £400,000

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

18 LAVENDER CLOSE is a very small extended semi-detached house of 58m², built sometime between 1996 and 2002. It was last sold for £400,000 in April 2016, which was around 44% below the average April 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

18 LAVENDER CLOSE Sold Prices

Land registry data shows two sales for 18 LAVENDER CLOSE 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 LAVENDER CLOSE 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 8 APR	£400,000	£709,435	44% below HPI
1997 23 JUL	£119,500	£176,211	32% below HPI

18 LAVENDER CLOSE 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 LAVENDER CLOSE sales from July 1997 and April 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 July 1997 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2016 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 18 LAVENDER CLOSE?

18 LAVENDER CLOSE is 58m², which includes one extension, according to the EPC inspection conducted in August 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 18 LAVENDER CLOSE lies on this distribution: 2% of detached houses are smaller than 18 LAVENDER CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Redhill.

18 LAVENDER CLOSE: Plot and Title Map

18 LAVENDER CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 18 LAVENDER CLOSE, 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 LAVENDER CLOSE). 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 LAVENDER CLOSE?

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