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

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.

38 COMMON ROAD is a very small detached house of 86m², built sometime between 1976 and 1982, which could now be worth an estimated £463,888. It was last sold for £388,000 in March 2016, which was around 48% 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	£751,614	48% below HPI
1999 27 SEP	£148,000	£247,061	40% 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 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the March 2016 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 38 COMMON ROAD be worth now?

38 COMMON ROAD might now be worth an estimated £463,888.

This is based on house price inflation of 19.6%, between March 2016 and February 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 19.6% inflationary increase is applied to the most recent sale price for 38 COMMON ROAD of £388,000 on 14th March 2016. For the value to have increased from £388,000 to £463,888 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of 38 COMMON ROAD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The March 2016 sale price of £388,000 represented a fair market value for the property.
• The size, condition, and specification of 38 COMMON ROAD has not materially changed since March 2016.

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 houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 38 COMMON ROAD lies on this distribution: 11% of detached houses houses are smaller than 38 COMMON ROAD, and 88% 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.