32, MONTFORT RISE, REDHILL, RH1 5DU - £450,000

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

32 MONTFORT RISE is a very small extended detached house of 86m², built sometime between 1967 and 1975. It was last sold for £450,000 in May 2022, which was around 47% below the average May 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

32 MONTFORT RISE Sold Prices

Land registry data shows four sales for 32 MONTFORT RISE 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 32 MONTFORT RISE 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 9 MAY	£450,000	£849,692	47% below HPI
2011 28 JAN	£282,500	£510,507	45% below HPI
2001 30 JUL	£159,000	£306,243	48% below HPI
1998 20 MAR	£95,500	£189,172	50% below HPI

32 MONTFORT RISE 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 32 MONTFORT RISE sales between March 1998 and May 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 2011 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the May 2022 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 32 MONTFORT RISE?

32 MONTFORT RISE is 86m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of detached houses in Salfords, based on EPC data. The below chart shows the distribution of detached houses by size in Salfords, and where 32 MONTFORT RISE lies on this distribution: 9% of detached houses are smaller than 32 MONTFORT RISE, and 88% of houses are larger. Note that EPC data is not available for all properties in Salfords.

32 MONTFORT RISE: Plot and Title Map

32 MONTFORT RISE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 32 MONTFORT RISE, 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 32 MONTFORT RISE). 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 32 MONTFORT RISE?

32 MONTFORT RISE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 32 on MONTFORT RISE.