38, THE CHASE, REIGATE, RH2 7DH - £1,275,000

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

38 THE CHASE is a very large extended detached house of 228m², built sometime between 1930 and 1949. It was last sold for £1,275,000 in September 2020, which was around 54% above the average September 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

38 THE CHASE Sold Prices

Land registry data shows four sales for 38 THE CHASE 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 38 THE CHASE 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
2020 4 SEP	£1,275,000	£827,198	54% above HPI
2014 30 MAY	£940,000	£605,243	55% above HPI
2010 23 APR	£800,000	£510,787	57% above HPI
2007 23 AUG	£845,000	£529,863	59% above HPI

38 THE CHASE 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 38 THE CHASE sales between August 2007 and September 2020 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 May 2014 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the September 2020 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 38 THE CHASE be worth now?

38 THE CHASE might now be worth an estimated £1,390,889.

This is based on house price inflation of 9.1%, between September 2020 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 9.1% inflationary increase is applied to the most recent sale price for 38 THE CHASE of £1,275,000 on 4th September 2020. For the value to have increased from £1,275,000 to £1,390,889 over the three years and nine months to December 2024, the following assumptions must hold true:

• The value of 38 THE CHASE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The September 2020 sale price of £1,275,000 represented a fair market value for the property.
• The size, condition, and specification of 38 THE CHASE has not materially changed since September 2020.

How Large is 38 THE CHASE?

38 THE CHASE is 228m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 20% 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 38 THE CHASE lies on this distribution: 80% of detached houses houses are smaller than 38 THE CHASE, and 19% of houses are larger. Note that EPC data is not available for all properties in Reigate.

38 THE CHASE: Plot and Title Map

38 THE CHASE sits on a plot of roughly 0.372 of an acre, or 1,504m². The below map shows the location of 38 THE CHASE, 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 THE CHASE). 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 THE CHASE?

38 THE CHASE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 38 on THE CHASE.