42, COMMON ROAD, REDHILL, RH1 6HG - £362,500

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

42 COMMON ROAD is a very small extended detached house of 52m², built sometime before 1900. It was last sold for £362,500 in December 2018, which was around 52% below the average December 2018 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was A.

42 COMMON ROAD Sold Prices

Land registry data shows four sales for 42 COMMON ROAD 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 42 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
2018 18 DEC	£362,500	£757,057	52% below HPI
2015 11 DEC	£405,000	£700,556	42% below HPI
2010 29 NOV	£265,000	£508,106	48% below HPI
2006 26 JUN	£161,500	£424,879	62% below HPI

42 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 four 42 COMMON ROAD sales between June 2006 and December 2018 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 December 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the December 2018 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 42 COMMON ROAD?

42 COMMON ROAD is 52m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 42 COMMON ROAD lies on this distribution: Less than 1% of detached houses are smaller than 42 COMMON ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Redhill.

42 COMMON ROAD: Plot and Title Map

42 COMMON ROAD sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 42 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 42 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 42 COMMON ROAD?

42 COMMON ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 42 on COMMON ROAD.