23, OAKWOOD CLOSE, REDHILL, RH1 4BE - £347,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 OAKWOOD CLOSE is a small terraced house of 97m², built sometime between 1950 and 1966, which could now be worth an estimated £575,666. It was last sold for £347,500 in July 2013, which was around 33% above the average July 2013 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was C.

23 OAKWOOD CLOSE Sold Prices

Land registry data shows two sales for 23 OAKWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 23 OAKWOOD CLOSE 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
2013 25 JUL	£347,500	£260,976	33% above HPI
2009 17 JUL	£264,000	£212,205	24% above HPI

23 OAKWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two 23 OAKWOOD CLOSE sales from July 2009 and July 2013 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 July 2009 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the July 2013 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 23 OAKWOOD CLOSE be worth now?

23 OAKWOOD CLOSE might now be worth an estimated £575,666.

This is based on house price inflation of 65.7%, between July 2013 and June 2025, for terraced 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 65.7% inflationary increase is applied to the most recent sale price for 23 OAKWOOD CLOSE of £347,500 on 25th July 2013. For the value to have increased from £347,500 to £575,666 over the twelve years and one month to June 2025, the following assumptions must hold true:

• The value of 23 OAKWOOD CLOSE has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The July 2013 sale price of £347,500 represented a fair market value for the property.
• The size, condition, and specification of 23 OAKWOOD CLOSE has not materially changed since July 2013.

How Large is 23 OAKWOOD CLOSE?

23 OAKWOOD CLOSE is 97m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 30% of terraced houses houses in Redhill, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Redhill, and where 23 OAKWOOD CLOSE lies on this distribution: 23% of terraced houses houses are smaller than 23 OAKWOOD CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Redhill.

23 OAKWOOD CLOSE: Plot and Title Map

23 OAKWOOD CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 23 OAKWOOD CLOSE, 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 23 OAKWOOD CLOSE). 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 23 OAKWOOD CLOSE?

23 OAKWOOD CLOSE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 23 on OAKWOOD CLOSE.