8, CHAPEL ROAD, REDHILL, RH1 1HH - £702,500

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

8 CHAPEL ROAD is a large extended detached house of 145m², built sometime between 1900 and 1929. It was last sold for £702,500 in June 2021, which was around 10% below the average June 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2021, where the current energy rating was E, and the potential energy rating was C.

8 CHAPEL ROAD Sold Prices

Land registry data shows five sales for 8 CHAPEL ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the five 8 CHAPEL 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
2021 24 JUN	£702,500	£781,469	10% below HPI
2009 18 SEP	£415,000	£449,199	8% below HPI
2004 10 FEB	£362,000	£394,660	8% below HPI
2003 13 AUG	£373,000	£401,485	7% below HPI
1996 12 JUL	£103,000	£150,836	32% below HPI

8 CHAPEL 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 five 8 CHAPEL ROAD sales between July 1996 and June 2021 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 September 2009 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 8 CHAPEL ROAD?

8 CHAPEL ROAD is 145m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the largest 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 8 CHAPEL ROAD lies on this distribution: 62% of detached houses are smaller than 8 CHAPEL ROAD, and 38% of houses are larger. Note that EPC data is not available for all properties in Redhill.

8 CHAPEL ROAD: Plot and Title Map

8 CHAPEL ROAD sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 8 CHAPEL 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 8 CHAPEL 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 8 CHAPEL ROAD?

8 CHAPEL ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 8 on CHAPEL ROAD.