2, ASH DRIVE, REDHILL, RH1 6RR - £285,000

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

2 ASH DRIVE is a very small detached house of 30m², built sometime between 1991 and 1995. It was last sold for £285,000 in August 2015, which was around 58% below the average August 2015 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

2 ASH DRIVE Sold Prices

Land registry data shows three sales for 2 ASH DRIVE 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 2 ASH 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
2015 18 AUG	£285,000	£683,930	58% below HPI
2006 1 JUN	£152,000	£424,879	64% below HPI
1999 9 NOV	£108,000	£247,876	56% below HPI

2 ASH 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 three 2 ASH DRIVE sales between November 1999 and August 2015 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 June 2006 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the August 2015 sale, where it rises to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is 2 ASH DRIVE?

2 ASH DRIVE is 30m² according to the EPC inspection conducted in January 2014. 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 2 ASH DRIVE lies on this distribution: Less than 1% of detached houses are smaller than 2 ASH DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Redhill.

2 ASH DRIVE: Plot and Title Map

2 ASH DRIVE sits on a plot of roughly 0.022 of an acre, or 89m². The below map shows the location of 2 ASH 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 2 ASH 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 2 ASH DRIVE?

2 ASH DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 2 on ASH DRIVE.