31, WRAY LANE, REIGATE, RH2 0HU - £2,450,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 WRAY LANE is a very large extended detached house of 364m², built sometime between 2007 and 2011. It was last sold for £2,450,000 in August 2022, which was around 164% above the average August 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 B, and the potential energy rating was B.

31 WRAY LANE Sold Prices

Land registry data shows four sales for 31 WRAY LANE 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. All of the four 31 WRAY LANE 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
2022 23 AUG	£2,450,000	£926,686	164% above HPI
2013 4 OCT	£1,700,000	£576,359	195% above HPI
2010 29 JAN	£750,000	£494,245	52% above HPI
1997 19 NOV	£265,000	£199,330	33% above HPI

31 WRAY LANE 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 31 WRAY LANE sales between November 1997 and August 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 October 2013 sale was for 195% above the HPI. So the extrapolation line tracks at 195% above the HPI over time, until the August 2022 sale, where it falls to 164% above the HPI. The line then continues to track at 164% above the HPI.

What might 31 WRAY LANE be worth now?

31 WRAY LANE might now be worth an estimated £2,385,752.

This is based on house price deflation of 2.6%, between August 2022 and December 2024, 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 2.6% deflationary decrease is applied to the most recent sale price for 31 WRAY LANE of £2,450,000 on 23rd August 2022. For the value to have decreased from £2,450,000 to £2,385,752 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of 31 WRAY LANE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The August 2022 sale price of £2,450,000 represented a fair market value for the property.
• The size, condition, and specification of 31 WRAY LANE has not materially changed since August 2022.

How Large is 31 WRAY LANE?

31 WRAY LANE is 364m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 10% of detached houses houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reigate, and where 31 WRAY LANE lies on this distribution: 97% of detached houses houses are smaller than 31 WRAY LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Reigate.

31 WRAY LANE: Plot and Title Map

31 WRAY LANE sits on a plot of roughly 0.448 of an acre, or 1,815m². The below map shows the location of 31 WRAY 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 31 WRAY 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 31 WRAY LANE?

31 WRAY LANE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 31 on WRAY LANE.