8, PARK VIEW ROAD, REDHILL, RH1 5DN - £400,000

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 PARK VIEW ROAD is a very small detached house of 65m², built sometime between 1930 and 1949. It was last sold for £400,000 in February 2021, which was around 49% below the average February 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

8 PARK VIEW ROAD Sold Prices

Land registry data shows two sales for 8 PARK VIEW ROAD 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 PARK VIEW 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 26 FEB	£400,000	£788,381	49% below HPI
2000 19 SEP	£145,000	£292,572	50% below HPI

8 PARK VIEW 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 two 8 PARK VIEW ROAD sales from September 2000 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 September 2000 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the February 2021 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 8 PARK VIEW ROAD?

8 PARK VIEW ROAD is 65m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% 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 PARK VIEW ROAD lies on this distribution: 1% of detached houses are smaller than 8 PARK VIEW ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Salfords.

8 PARK VIEW ROAD: Plot and Title Map

8 PARK VIEW ROAD sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 8 PARK VIEW 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 PARK VIEW 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 PARK VIEW ROAD?

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