5, RIDGEMOUNT WAY, REDHILL, RH1 6JT - £892,000

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 RIDGEMOUNT WAY is a large extended detached house of 165m², built sometime between 1996 and 2002. It was last sold for £892,000 in January 2021, which was around 11% above the average January 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

5 RIDGEMOUNT WAY Sold Prices

Land registry data shows two sales for 5 RIDGEMOUNT WAY 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 RIDGEMOUNT WAY 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
2021 26 JAN	£892,000	£801,033	11% above HPI
1997 31 OCT	£270,000	£184,894	46% above HPI

5 RIDGEMOUNT WAY 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 RIDGEMOUNT WAY sales from October 1997 and January 2021 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 October 1997 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the January 2021 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 5 RIDGEMOUNT WAY?

5 RIDGEMOUNT WAY is 165m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 30% 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 RIDGEMOUNT WAY lies on this distribution: 73% of detached houses are smaller than 5 RIDGEMOUNT WAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Redhill.

5 RIDGEMOUNT WAY: Plot and Title Map

5 RIDGEMOUNT WAY sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 5 RIDGEMOUNT WAY, 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 RIDGEMOUNT WAY). 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 RIDGEMOUNT WAY?

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