2, MILLWAY, REIGATE, RH2 0RH - £975,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 MILLWAY is a midsized extended detached house of 172m², built sometime between 1976 and 1982. It was last sold for £975,000 in May 2021, which was around 20% above the average May 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

2 MILLWAY Sold Prices

Land registry data shows three sales for 2 MILLWAY 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 MILLWAY sales were for above 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 26 MAY	£975,000	£814,470	20% above HPI
2007 1 AUG	£640,000	£529,863	21% above HPI
2002 10 SEP	£403,000	£377,457	7% above HPI

2 MILLWAY 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 MILLWAY sales between September 2002 and May 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 August 2007 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2021 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 2 MILLWAY be worth now?

2 MILLWAY might now be worth an estimated £1,080,243.

This is based on house price inflation of 10.8%, between May 2021 and December 2024, 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 10.8% inflationary increase is applied to the most recent sale price for 2 MILLWAY of £975,000 on 26th May 2021. For the value to have increased from £975,000 to £1,080,243 over the two years and five months to December 2024, the following assumptions must hold true:

• The value of 2 MILLWAY has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2021 sale price of £975,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLWAY has not materially changed since May 2021.

How Large is 2 MILLWAY?

2 MILLWAY is 172m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 50% of detached houses houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reigate, and where 2 MILLWAY lies on this distribution: 56% of detached houses houses are smaller than 2 MILLWAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Reigate.

2 MILLWAY: Plot and Title Map

2 MILLWAY sits on a plot of roughly 0.218 of an acre, or 882m². The below map shows the location of 2 MILLWAY, 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 MILLWAY). 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 MILLWAY?

2 MILLWAY is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 2 on MILLWAY.