45, WRAY LANE, REIGATE, RH2 0HU - £485,000

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

45 WRAY LANE is a very small extended detached house of 57m², built sometime before 1900. It was last sold for £485,000 in October 2021, which was around 41% below the average October 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was C.

45 WRAY LANE Sold Prices

Land registry data shows six sales for 45 WRAY LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the six 45 WRAY LANE 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
2021 22 OCT	£485,000	£818,601	41% below HPI
2017 23 AUG	£433,000	£746,510	42% below HPI
2014 27 NOV	£385,000	£647,291	41% below HPI
2011 31 MAR	£243,500	£503,205	52% below HPI
2008 14 JAN	£250,000	£504,132	50% below HPI
1998 10 MAR	£115,000	£189,172	39% below HPI

45 WRAY LANE 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 six 45 WRAY LANE sales between March 1998 and October 2021 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 2017 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2021 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 45 WRAY LANE?

45 WRAY LANE is 57m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 45 WRAY LANE lies on this distribution: 1% of detached houses are smaller than 45 WRAY LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Reigate.

45 WRAY LANE: Plot and Title Map

45 WRAY LANE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 45 WRAY LANE, 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 WRAY LANE). 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 WRAY LANE?

45 WRAY LANE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 45 on WRAY LANE.