3, RIDGEWAY ROAD, REDHILL, RH1 6PQ - £735,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 RIDGEWAY ROAD is a midsized extended detached house of 131m², built sometime before 1900. It was last sold for £735,000 in June 2015, which was around 11% above the average June 2015 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2013, where the current energy rating was F, and the potential energy rating was C.

3 RIDGEWAY ROAD Sold Prices

Land registry data shows four sales for 3 RIDGEWAY ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Most of the four 3 RIDGEWAY ROAD 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
2015 29 JUN	£735,000	£661,308	11% above HPI
2013 22 FEB	£488,000	£525,842	7% below HPI
2002 19 DEC	£335,000	£383,296	13% below HPI
1996 31 DEC	£142,000	£156,175	9% below HPI

3 RIDGEWAY ROAD 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 four 3 RIDGEWAY ROAD sales between December 1996 and June 2015 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 February 2013 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2015 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 3 RIDGEWAY ROAD?

3 RIDGEWAY ROAD is 131m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 50% 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 RIDGEWAY ROAD lies on this distribution: 52% of detached houses are smaller than 3 RIDGEWAY ROAD, and 47% of houses are larger. Note that EPC data is not available for all properties in Redhill.

3 RIDGEWAY ROAD: Plot and Title Map

3 RIDGEWAY ROAD sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 3 RIDGEWAY ROAD, 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 RIDGEWAY ROAD). 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 RIDGEWAY ROAD?

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