44, ELMWOOD ROAD, REDHILL, RH1 2JD - £402,000

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

44 ELMWOOD ROAD is a very small detached house of 86m², built sometime between 1991 and 1995. It was last sold for £402,000 in March 2015, which was around 38% below the average March 2015 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

44 ELMWOOD ROAD Sold Prices

Land registry data shows three sales for 44 ELMWOOD ROAD 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 44 ELMWOOD 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
2015 25 MAR	£402,000	£643,760	38% below HPI
2002 28 JUN	£227,000	£342,226	34% below HPI
1995 24 NOV	£108,000	£150,052	28% below HPI

44 ELMWOOD 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 three 44 ELMWOOD ROAD sales between November 1995 and March 2015 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 2002 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2015 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 44 ELMWOOD ROAD?

44 ELMWOOD ROAD is 86m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 44 ELMWOOD ROAD lies on this distribution: 12% of detached houses are smaller than 44 ELMWOOD ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Redhill.

44 ELMWOOD ROAD: Plot and Title Map

44 ELMWOOD ROAD sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 44 ELMWOOD 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 44 ELMWOOD 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 44 ELMWOOD ROAD?

44 ELMWOOD ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 44 on ELMWOOD ROAD.