32, OAKWOOD CLOSE, REDHILL, RH1 4BD - £472,000

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.

32 OAKWOOD CLOSE is a very small detached house of 93m², built sometime between 1930 and 1949, which could now be worth an estimated £481,560. It was last sold for £472,000 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 2022, where the current energy rating was D, and the potential energy rating was B.

32 OAKWOOD CLOSE Sold Prices

Land registry data shows two sales for 32 OAKWOOD CLOSE 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 32 OAKWOOD CLOSE 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 19 MAY	£472,000	£891,212	47% below HPI
2022 23 MAR	£470,000	£885,823	47% below HPI

32 OAKWOOD CLOSE 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 32 OAKWOOD CLOSE sales from March 2022 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 March 2022 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the May 2022 sale, which was also at 47% below the HPI.

What might 32 OAKWOOD CLOSE be worth now?

32 OAKWOOD CLOSE might now be worth an estimated £481,560.

This is based on house price inflation of 2%, between May 2022 and March 2025, 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% inflationary increase is applied to the most recent sale price for 32 OAKWOOD CLOSE of £472,000 on 19th May 2022. For the value to have increased from £472,000 to £481,560 over the three years and two months to March 2025, the following assumptions must hold true:

• The value of 32 OAKWOOD CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2022 sale price of £472,000 represented a fair market value for the property.
• The size, condition, and specification of 32 OAKWOOD CLOSE has not materially changed since May 2022.

How Large is 32 OAKWOOD CLOSE?

32 OAKWOOD CLOSE is 93m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 32 OAKWOOD CLOSE lies on this distribution: 18% of detached houses houses are smaller than 32 OAKWOOD CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Redhill.

32 OAKWOOD CLOSE: Plot and Title Map

32 OAKWOOD CLOSE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 32 OAKWOOD CLOSE, 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 OAKWOOD CLOSE). 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 OAKWOOD CLOSE?

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