2, OAKLANDS DRIVE, REDHILL, RH1 6RN - £310,000

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 OAKLANDS DRIVE is a very small detached house of 56m², built sometime between 1983 and 1990. It was last sold for £310,000 in October 2016, which was around 58% below the average October 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

2 OAKLANDS DRIVE Sold Prices

Land registry data shows four sales for 2 OAKLANDS DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 2 OAKLANDS 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
2016 19 OCT	£310,000	£743,384	58% below HPI
2014 27 FEB	£212,000	£568,248	63% below HPI
2003 5 SEP	£205,000	£393,652	48% below HPI
1995 27 JAN	£79,000	£146,481	46% below HPI

2 OAKLANDS 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 four 2 OAKLANDS DRIVE sales between January 1995 and October 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 February 2014 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the October 2016 sale, where it rises to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is 2 OAKLANDS DRIVE?

2 OAKLANDS DRIVE is 56m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 10% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 2 OAKLANDS DRIVE lies on this distribution: 1% of detached houses are smaller than 2 OAKLANDS DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Redhill.

2 OAKLANDS DRIVE: Plot and Title Map

2 OAKLANDS DRIVE sits on a plot of roughly 0.023 of an acre, or 91m². The below map shows the location of 2 OAKLANDS 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 OAKLANDS 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 OAKLANDS DRIVE?

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