47, COMMON ROAD, REDHILL, RH1 6HG - £523,000

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

47 COMMON ROAD is a very small extended detached house of 90m², built sometime before 1900, which could now be worth an estimated £504,165. It was last sold for £523,000 in October 2024, which was around 44% below the average October 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was B.

47 COMMON ROAD Sold Prices

Land registry data shows four sales for 47 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 47 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
2024 25 OCT	£523,000	£932,192	44% below HPI
2019 27 NOV	£465,000	£794,338	41% below HPI
2012 12 APR	£272,000	£523,642	48% below HPI
2006 10 NOV	£268,000	£460,880	42% below HPI

47 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 47 COMMON ROAD sales between November 2006 and October 2024 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 November 2019 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2024 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 47 COMMON ROAD be worth now?

47 COMMON ROAD might now be worth an estimated £504,165.

This is based on house price deflation of 3.6%, between October 2024 and February 2025, 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 3.6% deflationary decrease is applied to the most recent sale price for 47 COMMON ROAD of £523,000 on 25th October 2024. For the value to have decreased from £523,000 to £504,165 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 47 COMMON ROAD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2024 sale price of £523,000 represented a fair market value for the property.
• The size, condition, and specification of 47 COMMON ROAD has not materially changed since October 2024.

How Large is 47 COMMON ROAD?

47 COMMON ROAD is 90m², which includes two extensions, according to the EPC inspection conducted in April 2024. This puts it in the smallest 20% 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 47 COMMON ROAD lies on this distribution: 15% of detached houses houses are smaller than 47 COMMON ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Redhill.

47 COMMON ROAD: Plot and Title Map

47 COMMON ROAD sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 47 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 47 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 47 COMMON ROAD?

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