38, COMMON ROAD, REDHILL, RH1 6HG - £388,000

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

38 COMMON ROAD is a very small detached house of 86m², built sometime between 1976 and 1982. It was last sold for £388,000 in March 2016, which was around 46% below the average March 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

38 COMMON ROAD Sold Prices

Land registry data shows two sales for 38 COMMON ROAD 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 38 COMMON ROAD 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
2016 14 MAR	£388,000	£716,597	46% below HPI
1999 27 SEP	£148,000	£235,550	37% below HPI

38 COMMON ROAD 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 38 COMMON ROAD sales from September 1999 and March 2016 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 September 1999 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2016 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 38 COMMON ROAD?

38 COMMON ROAD is 86m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 38 COMMON ROAD lies on this distribution: 12% of detached houses are smaller than 38 COMMON ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Redhill.

38 COMMON ROAD: Plot and Title Map

38 COMMON ROAD sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 38 COMMON ROAD, 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 38 COMMON ROAD). 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 38 COMMON ROAD?

38 COMMON ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 38 on COMMON ROAD.