30, MILL LANE, MERSTHAM, REDHILL, RH1 3HQ - £365,000

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.

30 MILL LANE is a very small semi-detached house of 46m², built sometime between 1991 and 1995, which could now be worth an estimated £398,520. It was last sold for £365,000 in October 2021, which was around 25% below the average October 2021 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

30 MILL LANE Sold Prices

Land registry data shows two sales for 30 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 30 MILL LANE 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
2021 18 OCT	£365,000	£484,402	25% below HPI
1999 27 AUG	£90,500	£129,358	30% below HPI

30 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two 30 MILL LANE sales from August 1999 and October 2021 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 August 1999 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2021 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 30 MILL LANE be worth now?

30 MILL LANE might now be worth an estimated £398,520.

This is based on house price inflation of 9.2%, between October 2021 and February 2025, for semi-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 9.2% inflationary increase is applied to the most recent sale price for 30 MILL LANE of £365,000 on 18th October 2021. For the value to have increased from £365,000 to £398,520 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 30 MILL LANE has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The October 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 30 MILL LANE has not materially changed since October 2021.

How Large is 30 MILL LANE?

30 MILL LANE is 46m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% of semi-detached houses houses in South Merstham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in South Merstham, and where 30 MILL LANE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 30 MILL LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

30 MILL LANE: Plot and Title Map

30 MILL LANE sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 30 MILL LANE, 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 30 MILL LANE). 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 30 MILL LANE?

30 MILL LANE is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 30 on MILL LANE.