40, REED DRIVE, REDHILL, RH1 6TB - £499,995

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 REED DRIVE is a large detached house of 179m², built sometime between 1996 and 2002. It was last sold for £499,995 in July 2006, which was around 16% above the average July 2006 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

40 REED DRIVE Sold Prices

Land registry data shows three sales for 40 REED DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 40 REED DRIVE 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
2006 12 JUL	£499,995	£431,813	16% above HPI
2002 16 MAY	£420,000	£334,875	25% above HPI
2000 7 APR	£315,000	£265,362	19% above HPI

40 REED DRIVE 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 three 40 REED DRIVE sales between April 2000 and July 2006 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 2002 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the July 2006 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 40 REED DRIVE?

40 REED DRIVE is 179m² according to the EPC inspection conducted in May 2013. This puts it in the largest 30% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 40 REED DRIVE lies on this distribution: 78% of detached houses are smaller than 40 REED DRIVE, and 22% of houses are larger. Note that EPC data is not available for all properties in Redhill.

40 REED DRIVE: Plot and Title Map

40 REED DRIVE sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 40 REED DRIVE, 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 40 REED DRIVE). 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 40 REED DRIVE?

40 REED DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 40 on REED DRIVE.