3, OAKDENE MEWS, REDHILL, RH1 6BT - £342,500

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.

3 OAKDENE MEWS is a very small extended detached house of 71m², built sometime before 1900, which could now be worth an estimated £323,738. It was last sold for £342,500 in December 2022, which was around 64% below the average December 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was B.

3 OAKDENE MEWS Sold Prices

Land registry data shows three sales for 3 OAKDENE MEWS 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 3 OAKDENE MEWS 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
2022 19 DEC	£342,500	£950,699	64% below HPI
2020 24 JAN	£297,000	£784,396	62% below HPI
2004 11 JUN	£150,000	£423,480	65% below HPI

3 OAKDENE MEWS 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 3 OAKDENE MEWS sales between June 2004 and December 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 January 2020 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the December 2022 sale, where it falls to 64% below the HPI. The line then continues to track at 64% below the HPI.

What might 3 OAKDENE MEWS be worth now?

3 OAKDENE MEWS might now be worth an estimated £323,738.

This is based on house price deflation of 5.5%, between December 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 5.5% deflationary decrease is applied to the most recent sale price for 3 OAKDENE MEWS of £342,500 on 19th December 2022. For the value to have decreased from £342,500 to £323,738 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 OAKDENE MEWS has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The December 2022 sale price of £342,500 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKDENE MEWS has not materially changed since December 2022.

How Large is 3 OAKDENE MEWS?

3 OAKDENE MEWS is 71m², which includes three extensions, according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 3 OAKDENE MEWS lies on this distribution: 5% of detached houses houses are smaller than 3 OAKDENE MEWS, and 95% of houses are larger. Note that EPC data is not available for all properties in Redhill.

3 OAKDENE MEWS: Plot and Title Map

3 OAKDENE MEWS sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 3 OAKDENE MEWS, 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 OAKDENE MEWS). 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 OAKDENE MEWS?

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