22, PARK ROAD, REDHILL, RH1 2AF - £850,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

22 PARK ROAD is a large extended detached house of 146m², built sometime between 1950 and 1966. It was last sold for £850,000 in February 2023, which was around 3% below the average February 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

22 PARK ROAD Sold Prices

Land registry data shows four sales for 22 PARK ROAD 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. Most of the four 22 PARK ROAD 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
2023 17 FEB	£850,000	£880,205	3% below HPI
2005 23 AUG	£490,000	£424,715	15% above HPI
2000 14 APR	£315,000	£265,362	19% above HPI
1996 26 APR	£181,000	£144,284	25% above HPI

22 PARK 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 four 22 PARK ROAD sales between April 1996 and February 2023 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 2005 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2023 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 22 PARK ROAD?

22 PARK ROAD is 146m², which includes three extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 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 22 PARK ROAD lies on this distribution: 62% of detached houses are smaller than 22 PARK ROAD, and 37% of houses are larger. Note that EPC data is not available for all properties in Redhill.

22 PARK ROAD: Plot and Title Map

22 PARK ROAD sits on a plot of roughly 0.222 of an acre, or 898m². The below map shows the location of 22 PARK 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 22 PARK 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 22 PARK ROAD?

22 PARK ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 22 on PARK ROAD.