48, REED DRIVE, REDHILL, RH1 6TB - £700,000

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 REED DRIVE is a very large extended detached house of 248m², built sometime between 1996 and 2002. It was last sold for £700,000 in August 2014, which was around 15% above the average August 2014 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

48 REED DRIVE Sold Prices

Land registry data shows two sales for 48 REED 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 48 REED DRIVE sales were for above 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
2014 22 AUG	£700,000	£610,352	15% above HPI
2000 26 JUN	£326,995	£266,139	23% above HPI

48 REED 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 48 REED DRIVE sales from June 2000 and August 2014 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 June 2000 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the August 2014 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 48 REED DRIVE?

48 REED DRIVE is 248m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the largest 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 REED DRIVE lies on this distribution: 94% of detached houses are smaller than 48 REED DRIVE, and 6% of houses are larger. Note that EPC data is not available for all properties in Redhill.

48 REED DRIVE: Plot and Title Map

48 REED DRIVE sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of 48 REED 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 48 REED 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 48 REED DRIVE?

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