7, MILLVIEW CLOSE, REIGATE, RH2 0JD - £850,000

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

7 MILLVIEW CLOSE is a small extended detached house of 117m², built sometime between 1950 and 1966. It was last sold for £850,000 in October 2023, which was around 4% below the average October 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was D.

7 MILLVIEW CLOSE Sold Prices

Land registry data shows two sales for 7 MILLVIEW CLOSE 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 MILLVIEW CLOSE 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
2023 31 OCT	£850,000	£888,551	4% below HPI
1999 26 NOV	£210,000	£247,876	15% below HPI

7 MILLVIEW CLOSE 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 MILLVIEW CLOSE sales from November 1999 and October 2023 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 1999 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2023 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 7 MILLVIEW CLOSE?

7 MILLVIEW CLOSE is 117m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the smallest 40% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 7 MILLVIEW CLOSE lies on this distribution: 40% of detached houses are smaller than 7 MILLVIEW CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Redhill.

7 MILLVIEW CLOSE: Plot and Title Map

7 MILLVIEW CLOSE sits on a plot of roughly 0.198 of an acre, or 801m². The below map shows the location of 7 MILLVIEW CLOSE, 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 MILLVIEW CLOSE). 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 MILLVIEW CLOSE?

7 MILLVIEW CLOSE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 7 on MILLVIEW CLOSE.