48, COMMON ROAD, REDHILL, RH1 6HG - £362,000

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

48 COMMON ROAD is a very small extended detached house of 65m², built sometime before 1900. It was last sold for £362,000 in September 2018, which was around 53% below the average September 2018 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

48 COMMON ROAD Sold Prices

Land registry data shows two sales for 48 COMMON ROAD 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 48 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
2018 17 SEP	£362,000	£776,501	53% below HPI
2012 24 JAN	£249,950	£503,130	50% below HPI

48 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 two 48 COMMON ROAD sales from January 2012 and September 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 2012 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the September 2018 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 48 COMMON ROAD?

48 COMMON ROAD is 65m², which includes two extensions, according to the EPC inspection conducted in February 2015. 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 48 COMMON ROAD lies on this distribution: 3% of detached houses are smaller than 48 COMMON ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Redhill.

48 COMMON ROAD: Plot and Title Map

48 COMMON ROAD sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 48 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 48 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 48 COMMON ROAD?

48 COMMON ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 48 on COMMON ROAD.