8, GREENWOOD DRIVE, REDHILL, RH1 5PJ - £400,000

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

8 GREENWOOD DRIVE is a very small extended detached house of 79m², built sometime between 1976 and 1982. It was last sold for £400,000 in May 2016, which was around 44% below the average May 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

8 GREENWOOD DRIVE Sold Prices

Land registry data shows two sales for 8 GREENWOOD 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 8 GREENWOOD 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
2016 31 MAY	£400,000	£709,506	44% below HPI
2006 7 JUL	£240,000	£431,813	44% below HPI

8 GREENWOOD 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 8 GREENWOOD DRIVE sales from July 2006 and May 2016 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 July 2006 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the May 2016 sale, which was also at 44% below the HPI.

How Large is 8 GREENWOOD DRIVE?

8 GREENWOOD DRIVE is 79m², which includes two extensions, according to the EPC inspection conducted in December 2015. This puts it in the smallest 10% 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 GREENWOOD DRIVE lies on this distribution: 8% of detached houses are smaller than 8 GREENWOOD DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Redhill.

8 GREENWOOD DRIVE: Plot and Title Map

8 GREENWOOD DRIVE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 8 GREENWOOD 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 8 GREENWOOD 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 8 GREENWOOD DRIVE?

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