3, HOME FARM PLACE, MERSTHAM, REDHILL, RH1 3ET - £1,100,000

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.

3 HOME FARM PLACE is a very large detached house of 183m², which could now be worth an estimated £1,041,210. It was last sold for £1,100,000 in November 2022, which was around 16% above the average November 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2012, where the current energy rating was B, and the potential energy rating was B.

3 HOME FARM PLACE Sold Prices

Land registry data shows two sales for 3 HOME FARM PLACE 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 HOME FARM PLACE 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
2022 21 NOV	£1,100,000	£949,359	16% above HPI
2012 25 JUL	£765,000	£529,558	44% above HPI

3 HOME FARM PLACE 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 HOME FARM PLACE sales from July 2012 and November 2022 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 2012 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the November 2022 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 3 HOME FARM PLACE be worth now?

3 HOME FARM PLACE might now be worth an estimated £1,041,210.

This is based on house price deflation of 5.3%, between November 2022 and February 2025, 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 5.3% deflationary decrease is applied to the most recent sale price for 3 HOME FARM PLACE of £1,100,000 on 21st November 2022. For the value to have decreased from £1,100,000 to £1,041,210 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 HOME FARM PLACE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The November 2022 sale price of £1,100,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HOME FARM PLACE has not materially changed since November 2022.

How Large is 3 HOME FARM PLACE?

3 HOME FARM PLACE is 183m² according to the EPC inspection conducted in June 2012. This puts it in the largest 20% of detached houses houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Merstham, and where 3 HOME FARM PLACE lies on this distribution: 89% of detached houses houses are smaller than 3 HOME FARM PLACE, and 10% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

3 HOME FARM PLACE: Plot and Title Map

3 HOME FARM PLACE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 3 HOME FARM PLACE, 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 HOME FARM PLACE). 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 HOME FARM PLACE?

3 HOME FARM PLACE is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 3 on HOME FARM PLACE.