5, MILLVIEW CLOSE, REIGATE, RH2 0JD - £775,000

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

5 MILLVIEW CLOSE is a small extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £775,000 in October 2023, which was around 13% below the average October 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was C.

5 MILLVIEW CLOSE Sold Prices

Land registry data shows three sales for 5 MILLVIEW CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 5 MILLVIEW 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
2023 4 OCT	£775,000	£888,551	13% below HPI
1996 29 FEB	£134,000	£143,547	7% below HPI
1995 19 DEC	£138,000	£149,257	8% below HPI

5 MILLVIEW 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 three 5 MILLVIEW CLOSE sales between December 1995 and October 2023 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 February 1996 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2023 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 5 MILLVIEW CLOSE?

5 MILLVIEW CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 40% 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 MILLVIEW CLOSE lies on this distribution: 35% of detached houses are smaller than 5 MILLVIEW CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Redhill.

5 MILLVIEW CLOSE: Plot and Title Map

5 MILLVIEW CLOSE sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of 5 MILLVIEW 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 MILLVIEW 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 MILLVIEW CLOSE?

5 MILLVIEW CLOSE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 5 on MILLVIEW CLOSE.