2, SHERIDAN DRIVE, REIGATE, RH2 0UE - £925,000

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 SHERIDAN DRIVE is a large extended detached house of 209m², built sometime between 1991 and 1995. It was last sold for £925,000 in November 2010, which was around 74% above the average November 2010 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

2 SHERIDAN DRIVE Sold Prices

Land registry data shows two sales for 2 SHERIDAN DRIVE 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 SHERIDAN DRIVE 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
2010 30 NOV	£925,000	£532,934	74% above HPI
2001 14 MAY	£625,000	£313,608	99% above HPI

2 SHERIDAN 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 two 2 SHERIDAN DRIVE sales from May 2001 and November 2010 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 2001 sale was for 99% above the HPI. So the extrapolation line tracks at 99% above the HPI over time, until the November 2010 sale, where it falls to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might 2 SHERIDAN DRIVE be worth now?

2 SHERIDAN DRIVE might now be worth an estimated £1,566,247.

This is based on house price inflation of 69.3%, between November 2010 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 69.3% inflationary increase is applied to the most recent sale price for 2 SHERIDAN DRIVE of £925,000 on 30th November 2010. For the value to have increased from £925,000 to £1,566,247 over the thirteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 SHERIDAN DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The November 2010 sale price of £925,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SHERIDAN DRIVE has not materially changed since November 2010.

How Large is 2 SHERIDAN DRIVE?

2 SHERIDAN DRIVE is 209m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 30% 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 SHERIDAN DRIVE lies on this distribution: 74% of detached houses houses are smaller than 2 SHERIDAN DRIVE, and 25% of houses are larger. Note that EPC data is not available for all properties in Reigate.

2 SHERIDAN DRIVE: Plot and Title Map

2 SHERIDAN DRIVE sits on a plot of roughly 0.304 of an acre, or 1,232m². The below map shows the location of 2 SHERIDAN 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 SHERIDAN 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 SHERIDAN DRIVE?

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