5, MILLWAY, REIGATE, RH2 0RH - £830,000

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

5 MILLWAY is a very large detached house of 260m², built sometime between 1991 and 1995. It was last sold for £830,000 in September 2011, which was around 55% above the average September 2011 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

5 MILLWAY Sold Prices

Land registry data shows two sales for 5 MILLWAY 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 MILLWAY 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
2011 5 SEP	£830,000	£535,623	55% above HPI
2004 10 SEP	£635,000	£433,660	46% above HPI

5 MILLWAY 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 MILLWAY sales from September 2004 and September 2011 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 September 2004 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the September 2011 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

What might 5 MILLWAY be worth now?

5 MILLWAY might now be worth an estimated £1,398,333.

This is based on house price inflation of 68.5%, between September 2011 and December 2024, 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 68.5% inflationary increase is applied to the most recent sale price for 5 MILLWAY of £830,000 on 5th September 2011. For the value to have increased from £830,000 to £1,398,333 over the twelve years and nine months to December 2024, the following assumptions must hold true:

• The value of 5 MILLWAY has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The September 2011 sale price of £830,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILLWAY has not materially changed since September 2011.

How Large is 5 MILLWAY?

5 MILLWAY is 260m² according to the EPC inspection conducted in March 2011. This puts it in the largest 20% of detached houses houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reigate, and where 5 MILLWAY lies on this distribution: 88% of detached houses houses are smaller than 5 MILLWAY, and 12% of houses are larger. Note that EPC data is not available for all properties in Reigate.

5 MILLWAY: Plot and Title Map

5 MILLWAY sits on a plot of roughly 0.304 of an acre, or 1,229m². The below map shows the location of 5 MILLWAY, 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 MILLWAY). 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 MILLWAY?

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