7, LOWER ROAD, REDHILL, RH1 6NN - £290,000

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.

7 LOWER ROAD is a very small semi-detached house of 49m², built sometime before 1900, which could now be worth an estimated £340,190. It was last sold for £290,000 in April 2020, which was around 37% below the average April 2020 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

7 LOWER ROAD Sold Prices

Land registry data shows five sales for 7 LOWER ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the five 7 LOWER 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
2020 2 APR	£290,000	£459,438	37% below HPI
2013 30 AUG	£220,000	£318,670	31% below HPI
2007 8 MAY	£201,000	£288,000	30% below HPI
2005 7 OCT	£150,000	£255,652	41% below HPI
1999 22 JUN	£84,500	£122,736	31% below HPI

7 LOWER ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The five 7 LOWER ROAD sales between June 1999 and April 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 August 2013 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the April 2020 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 7 LOWER ROAD be worth now?

7 LOWER ROAD might now be worth an estimated £340,190.

This is based on house price inflation of 17.3%, between April 2020 and March 2025, for semi-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 17.3% inflationary increase is applied to the most recent sale price for 7 LOWER ROAD of £290,000 on 2nd April 2020. For the value to have increased from £290,000 to £340,190 over the five years and one month to March 2025, the following assumptions must hold true:

• The value of 7 LOWER ROAD has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The April 2020 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LOWER ROAD has not materially changed since April 2020.

How Large is 7 LOWER ROAD?

7 LOWER ROAD is 49m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of semi-detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redhill, and where 7 LOWER ROAD lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 7 LOWER ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Redhill.

7 LOWER ROAD: Plot and Title Map

7 LOWER ROAD sits on a plot of roughly 0.032 of an acre, or 128m². The below map shows the location of 7 LOWER 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 7 LOWER 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 7 LOWER ROAD?

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