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

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.

40 REED DRIVE is a large detached house of 179m², built sometime between 1996 and 2002, which could now be worth an estimated £992,035. It was last sold for £499,995 in July 2006, which was around 10% 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	£452,913	10% above HPI
2002 16 MAY	£420,000	£351,238	20% above HPI
2000 7 APR	£315,000	£278,328	13% 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 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the July 2006 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 40 REED DRIVE be worth now?

40 REED DRIVE might now be worth an estimated £992,035.

This is based on house price inflation of 98.4%, between July 2006 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 98.4% inflationary increase is applied to the most recent sale price for 40 REED DRIVE of £499,995 on 12th July 2006. For the value to have increased from £499,995 to £992,035 over the nineteen years and five months to February 2025, the following assumptions must hold true:

• The value of 40 REED DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The July 2006 sale price of £499,995 represented a fair market value for the property.
• The size, condition, and specification of 40 REED DRIVE has not materially changed since July 2006.

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 houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 40 REED DRIVE lies on this distribution: 78% of detached houses 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.