8, MADEIRA WALK, REIGATE, RH2 0JU - £163,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 MADEIRA WALK is a very small extended detached house of 91m², built sometime between 1930 and 1949. It was last sold for £163,500 in March 1999, which was around 26% below the average March 1999 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2024, where the current energy rating was D, and the potential energy rating was B.

8 MADEIRA WALK Sold Prices

Land registry data shows two sales for 8 MADEIRA WALK 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 MADEIRA WALK 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
1999 5 MAR	£163,500	£220,579	26% below HPI
1997 23 JUL	£133,000	£184,821	28% below HPI

8 MADEIRA WALK 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 MADEIRA WALK sales from July 1997 and March 1999 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 1997 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 1999 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 8 MADEIRA WALK be worth now?

8 MADEIRA WALK might now be worth an estimated £668,876.

This is based on house price inflation of 309.1%, between March 1999 and December 2024, for 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 309.1% inflationary increase is applied to the most recent sale price for 8 MADEIRA WALK of £163,500 on 5th March 1999. For the value to have increased from £163,500 to £668,876 over the 24 years and three months to December 2024, the following assumptions must hold true:

• The value of 8 MADEIRA WALK has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The March 1999 sale price of £163,500 represented a fair market value for the property.
• The size, condition, and specification of 8 MADEIRA WALK has not materially changed since March 1999.

How Large is 8 MADEIRA WALK?

8 MADEIRA WALK is 91m², which includes one extension, according to the EPC inspection conducted in June 2024. This puts it in the smallest 10% of detached houses houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reigate, and where 8 MADEIRA WALK lies on this distribution: 7% of detached houses houses are smaller than 8 MADEIRA WALK, and 93% of houses are larger. Note that EPC data is not available for all properties in Reigate.

8 MADEIRA WALK: Plot and Title Map

8 MADEIRA WALK sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 8 MADEIRA WALK, 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 MADEIRA WALK). 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 MADEIRA WALK?

8 MADEIRA WALK is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 8 on MADEIRA WALK.