45, SPENCER WAY, REDHILL, RH1 5LF - £245,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

45 SPENCER WAY is a very small extended detached house of 80m², which could now be worth an estimated £413,566. It was last sold for £245,000 in July 2010, which was around 54% below the average July 2010 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was C.

45 SPENCER WAY Sold Prices

Land registry data shows three sales for 45 SPENCER WAY 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 45 SPENCER WAY 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
2010 14 JUL	£245,000	£534,580	54% below HPI
2003 15 AUG	£196,000	£421,104	53% below HPI
1996 23 AUG	£80,000	£160,170	50% below HPI

45 SPENCER WAY 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 45 SPENCER WAY sales between August 1996 and July 2010 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 August 2003 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the July 2010 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might 45 SPENCER WAY be worth now?

45 SPENCER WAY might now be worth an estimated £413,566.

This is based on house price inflation of 68.8%, between July 2010 and December 2024, 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 68.8% inflationary increase is applied to the most recent sale price for 45 SPENCER WAY of £245,000 on 14th July 2010. For the value to have increased from £245,000 to £413,566 over the thirteen years and seven months to December 2024, the following assumptions must hold true:

• The value of 45 SPENCER WAY has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The July 2010 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 45 SPENCER WAY has not materially changed since July 2010.

How Large is 45 SPENCER WAY?

45 SPENCER WAY is 80m², which includes one extension, according to the EPC inspection conducted in October 2009. This puts it in the smallest 10% 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 45 SPENCER WAY lies on this distribution: 8% of detached houses houses are smaller than 45 SPENCER WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Redhill.

45 SPENCER WAY: Plot and Title Map

45 SPENCER WAY sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 45 SPENCER WAY, 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 45 SPENCER WAY). 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 45 SPENCER WAY?

45 SPENCER WAY is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 45 on SPENCER WAY.