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

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 MELTON ROAD is a very small detached house of 82m², built sometime between 1930 and 1949, which could now be worth an estimated £579,141. It was last sold for £528,250 in June 2021, which was around 36% 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	£819,655	36% below HPI
2016 20 MAY	£415,000	£744,176	44% 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 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the June 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 2 MELTON ROAD be worth now?

2 MELTON ROAD might now be worth an estimated £579,141.

This is based on house price inflation of 9.6%, between June 2021 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 9.6% inflationary increase is applied to the most recent sale price for 2 MELTON ROAD of £528,250 on 24th June 2021. For the value to have increased from £528,250 to £579,141 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 2 MELTON ROAD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The June 2021 sale price of £528,250 represented a fair market value for the property.
• The size, condition, and specification of 2 MELTON ROAD has not materially changed since June 2021.

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 houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Merstham, and where 2 MELTON ROAD lies on this distribution: 7% of detached houses 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 0.064 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.