2, MELTON ROAD, MERSTHAM, REDHILL, RH1 3HB - £528,250

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 MELTON ROAD is a very small detached house of 82m², built sometime between 1930 and 1949. It was last sold for £528,250 in June 2021, which was around 32% below the average June 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

2 MELTON ROAD Sold Prices

Land registry data shows two sales for 2 MELTON ROAD 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 2 MELTON 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 24 JUN	£528,250	£781,469	32% below HPI
2016 20 MAY	£415,000	£709,506	42% below HPI

2 MELTON 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 two 2 MELTON ROAD sales from May 2016 and June 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 May 2016 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the June 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 2 MELTON ROAD?

2 MELTON ROAD is 82m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% 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 2 MELTON ROAD lies on this distribution: 6% of detached houses are smaller than 2 MELTON ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

2 MELTON ROAD: Plot and Title Map

2 MELTON ROAD sits on a plot of roughly 0.063 of an acre, or 257m². The below map shows the location of 2 MELTON 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 2 MELTON 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 2 MELTON ROAD?

2 MELTON ROAD is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 2 on MELTON ROAD.