21, SPENCER WAY, REDHILL, RH1 5LF - £218,000

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

21 SPENCER WAY is a small detached house of 108m², built sometime between 1976 and 1982. It was last sold for £218,000 in October 2003, which was around 45% below the average October 2003 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

21 SPENCER WAY Sold Prices

Land registry data shows two sales for 21 SPENCER WAY 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 21 SPENCER WAY 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
2003 8 OCT	£218,000	£395,936	45% below HPI
1999 3 AUG	£150,500	£230,372	35% below HPI

21 SPENCER WAY 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 21 SPENCER WAY sales from August 1999 and October 2003 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 1999 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2003 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 21 SPENCER WAY?

21 SPENCER WAY is 108m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 40% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 21 SPENCER WAY lies on this distribution: 32% of detached houses are smaller than 21 SPENCER WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Redhill.

21 SPENCER WAY: Plot and Title Map

21 SPENCER WAY sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 21 SPENCER WAY, 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 21 SPENCER WAY). 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 21 SPENCER WAY?

21 SPENCER WAY is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 21 on SPENCER WAY.