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

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 OAKDENE MEWS is a very small extended detached house of 71m², built sometime before 1900. It was last sold for £342,500 in December 2022, which was around 62% 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	£906,408	62% below HPI
2020 24 JAN	£297,000	£747,852	60% below HPI
2004 11 JUN	£150,000	£403,750	63% 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 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the December 2022 sale, where it falls to 62% below the HPI. The line then continues to track at 62% below the HPI.

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 in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 3 OAKDENE MEWS lies on this distribution: 5% of detached 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.