1A, PARK LANE, REIGATE, RH2 8JU - £500,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1A PARK LANE is a very small detached house of 82m², built sometime before 1900. It was last sold for £500,000 in February 2011, which was around 2% below the average February 2011 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was D.

1A PARK LANE Sold Prices

Land registry data shows two sales for 1A PARK 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 1A PARK 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
2011 25 FEB	£500,000	£507,933	2% below HPI
2003 10 MAR	£310,000	£383,778	19% below HPI

1A PARK 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 1A PARK LANE sales from March 2003 and February 2011 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 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2011 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 1A PARK LANE?

1A PARK LANE is 82m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 10% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 1A PARK LANE lies on this distribution: 3% of detached houses are smaller than 1A PARK LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Reigate.

1A PARK LANE: Plot and Title Map

1A PARK LANE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 1A PARK 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 1A PARK 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 1A PARK LANE?

1A PARK LANE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 1A on PARK LANE.