62, PARK ROAD, REDHILL, RH1 2AH - £485,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

62 PARK ROAD is a small extended detached house of 113m², built sometime between 1950 and 1966, which could now be worth an estimated £543,273. It was last sold for £485,000 in October 2017, which was around 40% below the average October 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

62 PARK ROAD Sold Prices

Land registry data shows two sales for 62 PARK ROAD 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 62 PARK ROAD 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 12 OCT	£485,000	£802,232	40% below HPI
1995 11 OCT	£117,000	£156,081	25% below HPI

62 PARK 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 two 62 PARK ROAD sales from October 1995 and October 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 October 1995 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2017 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 62 PARK ROAD be worth now?

62 PARK ROAD might now be worth an estimated £543,273.

This is based on house price inflation of 12%, between October 2017 and February 2025, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12% inflationary increase is applied to the most recent sale price for 62 PARK ROAD of £485,000 on 12th October 2017. For the value to have increased from £485,000 to £543,273 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 62 PARK ROAD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2017 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 62 PARK ROAD has not materially changed since October 2017.

How Large is 62 PARK ROAD?

62 PARK ROAD is 113m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 62 PARK ROAD lies on this distribution: 36% of detached houses houses are smaller than 62 PARK ROAD, and 63% of houses are larger. Note that EPC data is not available for all properties in Redhill.

62 PARK ROAD: Plot and Title Map

62 PARK ROAD sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 62 PARK 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 62 PARK 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 62 PARK ROAD?

62 PARK ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 62 on PARK ROAD.