193, LONDON ROAD NORTH, MERSTHAM, REDHILL, RH1 3BN - £687,500

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

193 LONDON ROAD NORTH is a very small extended detached house of 114m², built sometime between 1930 and 1949, which could now be worth an estimated £653,483. It was last sold for £687,500 in November 2022, which was around 28% below the average November 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was C.

193 LONDON ROAD NORTH Sold Prices

Land registry data shows five sales for 193 LONDON ROAD NORTH since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the five 193 LONDON ROAD NORTH 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
2022 17 NOV	£687,500	£949,359	28% below HPI
2013 19 AUG	£499,999	£570,915	12% below HPI
2005 26 OCT	£381,500	£442,491	14% below HPI
1999 16 JUL	£194,500	£233,856	17% below HPI
1996 14 OCT	£136,500	£160,881	15% below HPI

193 LONDON ROAD NORTH 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 five 193 LONDON ROAD NORTH sales between October 1996 and November 2022 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 August 2013 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 193 LONDON ROAD NORTH be worth now?

193 LONDON ROAD NORTH might now be worth an estimated £653,483.

This is based on house price deflation of 4.9%, between November 2022 and December 2024, 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 4.9% deflationary decrease is applied to the most recent sale price for 193 LONDON ROAD NORTH of £687,500 on 17th November 2022. For the value to have decreased from £687,500 to £653,483 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 193 LONDON ROAD NORTH has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The November 2022 sale price of £687,500 represented a fair market value for the property.
• The size, condition, and specification of 193 LONDON ROAD NORTH has not materially changed since November 2022.

How Large is 193 LONDON ROAD NORTH?

193 LONDON ROAD NORTH is 114m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% of detached houses houses in Merstham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Merstham, and where 193 LONDON ROAD NORTH lies on this distribution: 7% of detached houses houses are smaller than 193 LONDON ROAD NORTH, and 93% of houses are larger. Note that EPC data is not available for all properties in Merstham.

193 LONDON ROAD NORTH: Plot and Title Map

193 LONDON ROAD NORTH sits on a plot of roughly 0.230 of an acre, or 932m². The below map shows the location of 193 LONDON ROAD NORTH, 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 193 LONDON ROAD NORTH). 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 193 LONDON ROAD NORTH?

193 LONDON ROAD NORTH is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 193 on LONDON ROAD NORTH.