58, REED DRIVE, REDHILL, RH1 6TB - £685,000

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

58 REED DRIVE is a very large detached house of 187m², built sometime between 1996 and 2002. It was last sold for £685,000 in June 2013, which was around 29% above the average June 2013 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

58 REED DRIVE Sold Prices

Land registry data shows three sales for 58 REED DRIVE 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 58 REED DRIVE sales were for above 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
2013 20 JUN	£685,000	£530,645	29% above HPI
2004 1 OCT	£495,000	£414,130	20% above HPI
2000 21 SEP	£364,995	£292,572	25% above HPI

58 REED DRIVE 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 58 REED DRIVE sales between September 2000 and June 2013 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 October 2004 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the June 2013 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 58 REED DRIVE?

58 REED DRIVE is 187m² according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 58 REED DRIVE lies on this distribution: 81% of detached houses are smaller than 58 REED DRIVE, and 19% of houses are larger. Note that EPC data is not available for all properties in Redhill.

58 REED DRIVE: Plot and Title Map

58 REED DRIVE sits on a plot of roughly 0.224 of an acre, or 906m². The below map shows the location of 58 REED DRIVE, 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 58 REED DRIVE). 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 58 REED DRIVE?

58 REED DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 58 on REED DRIVE.