7, BUDGEN DRIVE, REDHILL, RH1 2QB - £300,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 BUDGEN DRIVE is a very small extended detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £514,459. It was last sold for £300,000 in May 2012, which was around 43% below the average May 2012 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was C.

7 BUDGEN DRIVE Sold Prices

Land registry data shows two sales for 7 BUDGEN DRIVE 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 7 BUDGEN DRIVE 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
2012 25 MAY	£300,000	£526,214	43% below HPI
2006 28 NOV	£270,000	£460,880	41% below HPI

7 BUDGEN 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 two 7 BUDGEN DRIVE sales from November 2006 and May 2012 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 November 2006 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the May 2012 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 7 BUDGEN DRIVE be worth now?

7 BUDGEN DRIVE might now be worth an estimated £514,459.

This is based on house price inflation of 71.5%, between May 2012 and December 2024, 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 71.5% inflationary increase is applied to the most recent sale price for 7 BUDGEN DRIVE of £300,000 on 25th May 2012. For the value to have increased from £300,000 to £514,459 over the eleven years and five months to December 2024, the following assumptions must hold true:

• The value of 7 BUDGEN DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2012 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BUDGEN DRIVE has not materially changed since May 2012.

How Large is 7 BUDGEN DRIVE?

7 BUDGEN DRIVE is 82m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% 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 7 BUDGEN DRIVE lies on this distribution: 9% of detached houses houses are smaller than 7 BUDGEN DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Redhill.

7 BUDGEN DRIVE: Plot and Title Map

7 BUDGEN DRIVE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 7 BUDGEN 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 7 BUDGEN 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 7 BUDGEN DRIVE?

7 BUDGEN DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 7 on BUDGEN DRIVE.