5, MAYFIELD CLOSE, REDHILL, RH1 5BB - £445,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 MAYFIELD CLOSE is a midsized detached house of 124m², built sometime between 1996 and 2002. It was last sold for £445,000 in December 2020, which was around 45% below the average December 2020 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.

5 MAYFIELD CLOSE Sold Prices

Land registry data shows two sales for 5 MAYFIELD CLOSE 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 5 MAYFIELD CLOSE 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
2020 3 DEC	£445,000	£808,161	45% below HPI
2004 25 AUG	£270,000	£414,966	35% below HPI

5 MAYFIELD CLOSE 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 5 MAYFIELD CLOSE sales from August 2004 and December 2020 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 2004 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2020 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 5 MAYFIELD CLOSE?

5 MAYFIELD CLOSE is 124m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 50% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 5 MAYFIELD CLOSE lies on this distribution: 46% of detached houses are smaller than 5 MAYFIELD CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Redhill.

5 MAYFIELD CLOSE: Plot and Title Map

5 MAYFIELD CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 5 MAYFIELD CLOSE, 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 5 MAYFIELD CLOSE). 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 5 MAYFIELD CLOSE?

5 MAYFIELD CLOSE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 5 on MAYFIELD CLOSE.