54A, HITCHINGS WAY, REIGATE, RH2 8EW - £430,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

54A HITCHINGS WAY is a very small detached house of 91m², built sometime between 1996 and 2002. It was last sold for £430,000 in July 2017, which was around 42% below the average July 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

54A HITCHINGS WAY Sold Prices

Land registry data shows three sales for 54A HITCHINGS WAY 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 54A HITCHINGS WAY 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
2017 28 JUL	£430,000	£747,504	42% below HPI
2005 10 MAR	£264,950	£403,476	34% below HPI
2002 13 NOV	£206,000	£378,124	46% below HPI

54A HITCHINGS 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 three 54A HITCHINGS WAY sales between November 2002 and July 2017 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 2005 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2017 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 54A HITCHINGS WAY?

54A HITCHINGS WAY is 91m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 10% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 54A HITCHINGS WAY lies on this distribution: 7% of detached houses are smaller than 54A HITCHINGS WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Reigate.

54A HITCHINGS WAY: Plot and Title Map

54A HITCHINGS WAY sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 54A HITCHINGS 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 54A HITCHINGS 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 54A HITCHINGS WAY?

54A HITCHINGS WAY is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 54A on HITCHINGS WAY.