4, PARK LANE EAST, REIGATE, RH2 8HN - £850,000

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

4 PARK LANE EAST is a very small detached house of 104m², built sometime between 1930 and 1949. It was last sold for £850,000 in March 2023, which was around 2% below the average March 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

4 PARK LANE EAST Sold Prices

Land registry data shows six sales for 4 PARK LANE EAST since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the six 4 PARK LANE EAST 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
2023 17 MAR	£850,000	£868,940	2% below HPI
2017 27 JUN	£645,000	£756,854	15% below HPI
2011 27 MAY	£470,000	£493,149	5% below HPI
2002 4 OCT	£325,000	£370,149	12% below HPI
2001 14 SEP	£290,000	£314,588	8% below HPI
2000 13 MAR	£210,000	£261,946	20% below HPI

4 PARK LANE EAST 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 six 4 PARK LANE EAST sales between March 2000 and March 2023 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 June 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 4 PARK LANE EAST?

4 PARK LANE EAST is 104m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 4 PARK LANE EAST lies on this distribution: 12% of detached houses are smaller than 4 PARK LANE EAST, and 87% of houses are larger. Note that EPC data is not available for all properties in Reigate.

4 PARK LANE EAST: Plot and Title Map

4 PARK LANE EAST sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 4 PARK LANE EAST, 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 4 PARK LANE EAST). 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 4 PARK LANE EAST?

4 PARK LANE EAST is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 4 on PARK LANE EAST.