8, MONTFORT RISE, REDHILL, RH1 5DU - £445,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 MONTFORT RISE is a small extended detached house of 118m², built sometime between 1976 and 1982. It was last sold for £445,000 in February 2021, which was around 44% below the average February 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

8 MONTFORT RISE Sold Prices

Land registry data shows two sales for 8 MONTFORT RISE 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 MONTFORT RISE 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 11 FEB	£445,000	£788,381	44% below HPI
2004 30 JUN	£285,000	£403,750	29% below HPI

8 MONTFORT RISE 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 MONTFORT RISE sales from June 2004 and February 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 June 2004 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2021 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 8 MONTFORT RISE?

8 MONTFORT RISE is 118m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses in Salfords, based on EPC data. The below chart shows the distribution of detached houses by size in Salfords, and where 8 MONTFORT RISE lies on this distribution: 37% of detached houses are smaller than 8 MONTFORT RISE, and 63% of houses are larger. Note that EPC data is not available for all properties in Salfords.

8 MONTFORT RISE: Plot and Title Map

8 MONTFORT RISE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 8 MONTFORT RISE, 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 MONTFORT RISE). 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 MONTFORT RISE?

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