5, WOODFIELD CLOSE, REDHILL, RH1 2DL - £725,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 WOODFIELD CLOSE is a large extended detached house of 156m², built sometime between 1967 and 1975, which could now be worth an estimated £819,294. It was last sold for £725,000 in October 2018, which was around 9% below the average October 2018 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

5 WOODFIELD CLOSE Sold Prices

Land registry data shows three sales for 5 WOODFIELD 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 WOODFIELD 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
2018 12 OCT	£725,000	£795,196	9% below HPI
2015 29 JAN	£550,000	£664,744	17% below HPI
2006 19 MAY	£318,000	£443,380	28% below HPI

5 WOODFIELD 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 WOODFIELD CLOSE sales between May 2006 and October 2018 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 January 2015 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2018 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 5 WOODFIELD CLOSE be worth now?

5 WOODFIELD CLOSE might now be worth an estimated £819,294.

This is based on house price inflation of 13%, between October 2018 and February 2025, 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 13% inflationary increase is applied to the most recent sale price for 5 WOODFIELD CLOSE of £725,000 on 12th October 2018. For the value to have increased from £725,000 to £819,294 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 WOODFIELD CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2018 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WOODFIELD CLOSE has not materially changed since October 2018.

How Large is 5 WOODFIELD CLOSE?

5 WOODFIELD CLOSE is 156m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the largest 40% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 5 WOODFIELD CLOSE lies on this distribution: 69% of detached houses houses are smaller than 5 WOODFIELD CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Redhill.

5 WOODFIELD CLOSE: Plot and Title Map

5 WOODFIELD CLOSE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 5 WOODFIELD 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 WOODFIELD 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 WOODFIELD CLOSE?

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