7, WRAY LANE, REIGATE, RH2 0HS - £403,000

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 WRAY LANE is a very small extended detached house of 113m², built sometime between 1900 and 1929. It was last sold for £403,000 in October 2001, which was around 25% above the average October 2001 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

7 WRAY LANE Sold Prices

Land registry data shows two sales for 7 WRAY LANE 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 WRAY LANE 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
2001 19 OCT	£403,000	£322,158	25% above HPI
1997 25 MAR	£198,000	£161,296	23% above HPI

7 WRAY LANE 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 WRAY LANE sales from March 1997 and October 2001 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 March 1997 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2001 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 7 WRAY LANE?

7 WRAY LANE is 113m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 20% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 7 WRAY LANE lies on this distribution: 17% of detached houses are smaller than 7 WRAY LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Reigate.

7 WRAY LANE: Plot and Title Map

7 WRAY LANE sits on a plot of roughly 0.230 of an acre, or 929m². The below map shows the location of 7 WRAY LANE, 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 WRAY LANE). 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 WRAY LANE?

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