3, THE RIDINGS, REIGATE, RH2 0JE - £485,000

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 THE RIDINGS is a large extended detached house of 162m², built sometime between 1967 and 1975. It was last sold for £485,000 in November 2006, which was around 10% above the average November 2006 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

3 THE RIDINGS Sold Prices

Land registry data shows two sales for 3 THE RIDINGS 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 THE RIDINGS 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
2006 20 NOV	£485,000	£439,408	10% above HPI
1997 23 MAY	£179,950	£164,158	10% above HPI

3 THE RIDINGS 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 THE RIDINGS sales from May 1997 and November 2006 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 May 1997 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the November 2006 sale, which was also at 10% above the HPI.

How Large is 3 THE RIDINGS?

3 THE RIDINGS is 162m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the largest 30% 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 THE RIDINGS lies on this distribution: 71% of detached houses are smaller than 3 THE RIDINGS, and 28% of houses are larger. Note that EPC data is not available for all properties in Redhill.

3 THE RIDINGS: Plot and Title Map

3 THE RIDINGS sits on a plot of roughly 0.164 of an acre, or 665m². The below map shows the location of 3 THE RIDINGS, 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 THE RIDINGS). 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 THE RIDINGS?

3 THE RIDINGS is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 3 on THE RIDINGS.