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
56 RED LANE is a midsized extended detached house of 177m², built sometime between 1950 and 1966. It was last sold for £775,000 in January 2014, which was around 22% below the average January 2014 detached price in the Elmbridge local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows two sales for 56 RED LANE since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Elmbridge local authority area for the corresponding sale date. One of the two 56 RED LANE sales was for below the average price, whilst the other was roughly equal to 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 |
---|---|---|---|
2014 9 JAN | £775,000 | £994,610 | 22% below HPI |
1998 16 JUN | £322,500 | £321,350 | Close to HPI |
The below graph shows the average detached house price in the Elmbridge local authority area over time, sourced from the HPI. The two 56 RED LANE sales from June 1998 and January 2014 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 June 1998 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2014 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.
56 RED LANE is 177m², which includes three extensions, according to the EPC inspection conducted in July 2013. This puts it in the largest 50% of detached houses in Claygate, based on EPC data. The below chart shows the distribution of detached houses by size in Claygate, and where 56 RED LANE lies on this distribution: 59% of detached houses are smaller than 56 RED LANE, and 41% of houses are larger. Note that EPC data is not available for all properties in Claygate.
56 RED LANE sits on a plot of roughly 0.182 of an acre, or 738m². The below map shows the location of 56 RED LANE, 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 56 RED LANE). 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.
56 RED LANE is located in CLAYGATE, in the KT10 postcode district. The below map shows the position of No. 56 on RED LANE.