2, MEAD AVENUE, REDHILL, RH1 5DD - £383,000

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

2 MEAD AVENUE is a very small semi-detached house of 85m², built sometime between 1950 and 1966. It was last sold for £383,000 in August 2016, which was around 49% below the average August 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

2 MEAD AVENUE Sold Prices

Land registry data shows three sales for 2 MEAD AVENUE 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 MEAD AVENUE 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
2016 8 AUG	£383,000	£750,545	49% below HPI
2002 6 DEC	£197,000	£383,296	49% below HPI
2002 25 JUN	£159,000	£342,226	54% below HPI

2 MEAD AVENUE 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 MEAD AVENUE sales between June 2002 and August 2016 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 December 2002 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the August 2016 sale, which was also at 49% below the HPI.

How Large is 2 MEAD AVENUE?

2 MEAD AVENUE is 85m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses in Salfords, based on EPC data. The below chart shows the distribution of detached houses by size in Salfords, and where 2 MEAD AVENUE lies on this distribution: 8% of detached houses are smaller than 2 MEAD AVENUE, and 91% of houses are larger. Note that EPC data is not available for all properties in Salfords.

2 MEAD AVENUE: Plot and Title Map

2 MEAD AVENUE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 2 MEAD AVENUE, 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 MEAD AVENUE). 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 MEAD AVENUE?

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