57, SOMERSET ROAD, REDHILL, RH1 6ND - £973,500

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

57 SOMERSET ROAD is a large extended detached house of 163m², built sometime before 1900. It was last sold for £973,500 in January 2020, which was around 30% above the average January 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

57 SOMERSET ROAD Sold Prices

Land registry data shows three sales for 57 SOMERSET ROAD 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. Two of the three 57 SOMERSET ROAD sales were for above the average price, whilst one was 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
2020 17 JAN	£973,500	£747,852	30% above HPI
2007 7 JUN	£672,000	£482,761	39% above HPI
1996 26 JUL	£135,000	£150,836	10% below HPI

57 SOMERSET ROAD 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 57 SOMERSET ROAD sales between July 1996 and January 2020 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 2007 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the January 2020 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 57 SOMERSET ROAD?

57 SOMERSET ROAD is 163m², which includes four extensions, according to the EPC inspection conducted in February 2017. 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 57 SOMERSET ROAD lies on this distribution: 72% of detached houses are smaller than 57 SOMERSET ROAD, and 27% of houses are larger. Note that EPC data is not available for all properties in Redhill.

57 SOMERSET ROAD: Plot and Title Map

57 SOMERSET ROAD sits on a plot of roughly 0.168 of an acre, or 679m². The below map shows the location of 57 SOMERSET ROAD, 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 57 SOMERSET ROAD). 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 57 SOMERSET ROAD?

57 SOMERSET ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 57 on SOMERSET ROAD.