1A, BOURNE ROAD, MERSTHAM, REDHILL, RH1 3HF - £600,000

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

1A BOURNE ROAD is a small extended detached house of 99m², built sometime between 1991 and 1995. It was last sold for £600,000 in September 2021, which was around 24% below the average September 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

1A BOURNE ROAD Sold Prices

Land registry data shows three sales for 1A BOURNE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 1A BOURNE ROAD 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
2021 29 SEP	£600,000	£791,383	24% below HPI
2017 28 JUL	£515,000	£747,504	31% below HPI
2006 16 OCT	£299,950	£436,876	31% below HPI

1A BOURNE ROAD 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 three 1A BOURNE ROAD sales between October 2006 and September 2021 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 2017 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2021 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1A BOURNE ROAD?

1A BOURNE ROAD is 99m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 30% 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 1A BOURNE ROAD lies on this distribution: 25% of detached houses are smaller than 1A BOURNE ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

1A BOURNE ROAD: Plot and Title Map

1A BOURNE ROAD sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 1A BOURNE ROAD, 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 1A BOURNE ROAD). 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 1A BOURNE ROAD?

1A BOURNE ROAD is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 1A on BOURNE ROAD.