5, WOODLANDS CLOSE, MERSTHAM, REDHILL, RH1 3FU - £650,000

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 WOODLANDS CLOSE is a large detached house of 145m². It was last sold for £650,000 in January 2022, which was around 22% below the average January 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2016, where the current energy rating was B, and the potential energy rating was B.

5 WOODLANDS CLOSE Sold Prices

Land registry data shows two sales for 5 WOODLANDS 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 WOODLANDS 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
2022 28 JAN	£650,000	£837,097	22% below HPI
2016 11 MAR	£640,000	£716,597	11% below HPI

5 WOODLANDS 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 WOODLANDS CLOSE sales from March 2016 and January 2022 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 March 2016 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 5 WOODLANDS CLOSE?

5 WOODLANDS CLOSE is 145m² according to the EPC inspection conducted in January 2016. This puts it in the largest 40% of detached houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses by size in South Merstham, and where 5 WOODLANDS CLOSE lies on this distribution: 67% of detached houses are smaller than 5 WOODLANDS CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

5 WOODLANDS CLOSE: Plot and Title Map

5 WOODLANDS CLOSE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 5 WOODLANDS 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 WOODLANDS 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 WOODLANDS CLOSE?

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