3, GREEN LANE, REDHILL, RH1 2DG - £530,000

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

3 GREEN LANE is a small extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £530,000 in June 2018, which was around 30% below the average June 2018 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

3 GREEN LANE Sold Prices

Land registry data shows two sales for 3 GREEN LANE 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 3 GREEN LANE 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
2018 18 JUN	£530,000	£754,239	30% below HPI
2005 30 JUN	£332,500	£425,023	22% below HPI

3 GREEN LANE 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 3 GREEN LANE sales from June 2005 and June 2018 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 June 2005 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 GREEN LANE?

3 GREEN LANE is 114m², which includes one extension, according to the EPC inspection conducted in February 2014. 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 3 GREEN LANE lies on this distribution: 37% of detached houses are smaller than 3 GREEN LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Redhill.

3 GREEN LANE: Plot and Title Map

3 GREEN LANE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 3 GREEN LANE, 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 3 GREEN LANE). 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 3 GREEN LANE?

3 GREEN LANE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 3 on GREEN LANE.