47, BUDGEN DRIVE, REDHILL, RH1 2QB - £420,000

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

47 BUDGEN DRIVE is a very small detached house of 58m², built sometime between 1976 and 1982. It was last sold for £420,000 in May 2018, which was around 44% below the average May 2018 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

47 BUDGEN DRIVE Sold Prices

Land registry data shows two sales for 47 BUDGEN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 47 BUDGEN DRIVE 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 1 MAY	£420,000	£747,103	44% below HPI
2004 12 JAN	£233,000	£389,979	40% below HPI

47 BUDGEN 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 two 47 BUDGEN DRIVE sales from January 2004 and May 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 January 2004 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2018 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 47 BUDGEN DRIVE?

47 BUDGEN DRIVE is 58m² according to the EPC inspection conducted in January 2013. 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 47 BUDGEN DRIVE lies on this distribution: 2% of detached houses are smaller than 47 BUDGEN DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Redhill.

47 BUDGEN DRIVE: Plot and Title Map

47 BUDGEN DRIVE sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 47 BUDGEN 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 47 BUDGEN 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 47 BUDGEN DRIVE?

47 BUDGEN DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 47 on BUDGEN DRIVE.