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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 ASH DRIVE is a very small detached house of 30m², built sometime between 1991 and 1995, which could now be worth an estimated £357,018. It was last sold for £285,000 in August 2015, which was around 60% 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	£717,350	60% below HPI
2006 1 JUN	£152,000	£445,641	66% below HPI
1999 9 NOV	£108,000	£259,988	58% 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 66% below the HPI. So the extrapolation line tracks at 66% below the HPI over time, until the August 2015 sale, where it rises to 60% below the HPI. The line then continues to track at 60% below the HPI.

What might 2 ASH DRIVE be worth now?

2 ASH DRIVE might now be worth an estimated £357,018.

This is based on house price inflation of 25.3%, between August 2015 and February 2025, 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 25.3% inflationary increase is applied to the most recent sale price for 2 ASH DRIVE of £285,000 on 18th August 2015. For the value to have increased from £285,000 to £357,018 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 2 ASH DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The August 2015 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ASH DRIVE has not materially changed since August 2015.

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 houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 2 ASH DRIVE lies on this distribution: Less than 1% of detached houses 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.