27, OAKFIELD DRIVE, REIGATE, RH2 9NR - £725,000

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

27 OAKFIELD DRIVE is a very small extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £725,000 in March 2021, which was around 11% below the average March 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

27 OAKFIELD DRIVE Sold Prices

Land registry data shows three sales for 27 OAKFIELD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 27 OAKFIELD 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
2021 29 MAR	£725,000	£817,133	11% below HPI
2009 27 MAR	£345,000	£437,788	21% below HPI
1997 15 AUG	£167,500	£188,732	11% below HPI

27 OAKFIELD 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 three 27 OAKFIELD DRIVE sales between August 1997 and March 2021 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 March 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 27 OAKFIELD DRIVE be worth now?

27 OAKFIELD DRIVE might now be worth an estimated £800,640.

This is based on house price inflation of 10.4%, between March 2021 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 10.4% inflationary increase is applied to the most recent sale price for 27 OAKFIELD DRIVE of £725,000 on 29th March 2021. For the value to have increased from £725,000 to £800,640 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 27 OAKFIELD DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The March 2021 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of 27 OAKFIELD DRIVE has not materially changed since March 2021.

How Large is 27 OAKFIELD DRIVE?

27 OAKFIELD DRIVE is 115m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% 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 27 OAKFIELD DRIVE lies on this distribution: 18% of detached houses houses are smaller than 27 OAKFIELD DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Reigate.

27 OAKFIELD DRIVE: Plot and Title Map

27 OAKFIELD DRIVE sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of 27 OAKFIELD 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 27 OAKFIELD 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 27 OAKFIELD DRIVE?

27 OAKFIELD DRIVE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 27 on OAKFIELD DRIVE.