8, SOUTHERN AVENUE, REDHILL, RH1 5DE - £240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 SOUTHERN AVENUE is a very small detached house of 76m², built sometime between 1930 and 1949, which could now be worth an estimated £526,200. It was last sold for £240,000 in June 2003, which was around 42% below the average June 2003 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2012, where the current energy rating was E, and the potential energy rating was D.

8 SOUTHERN AVENUE Sold Prices

Land registry data shows two sales for 8 SOUTHERN AVENUE 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 SOUTHERN AVENUE 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
2003 26 JUN	£240,000	£414,715	42% below HPI
1997 8 AUG	£95,000	£188,732	50% below HPI

8 SOUTHERN AVENUE 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 SOUTHERN AVENUE sales from August 1997 and June 2003 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 August 1997 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the June 2003 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 8 SOUTHERN AVENUE be worth now?

8 SOUTHERN AVENUE might now be worth an estimated £526,200.

This is based on house price inflation of 119.3%, between June 2003 and March 2025, 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 119.3% inflationary increase is applied to the most recent sale price for 8 SOUTHERN AVENUE of £240,000 on 26th June 2003. For the value to have increased from £240,000 to £526,200 over the 22 years and three months to March 2025, the following assumptions must hold true:

• The value of 8 SOUTHERN AVENUE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The June 2003 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SOUTHERN AVENUE has not materially changed since June 2003.

How Large is 8 SOUTHERN AVENUE?

8 SOUTHERN AVENUE is 76m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses houses in Salfords, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salfords, and where 8 SOUTHERN AVENUE lies on this distribution: 4% of detached houses houses are smaller than 8 SOUTHERN AVENUE, and 95% of houses are larger. Note that EPC data is not available for all properties in Salfords.

8 SOUTHERN AVENUE: Plot and Title Map

8 SOUTHERN AVENUE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 8 SOUTHERN AVENUE, 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 SOUTHERN AVENUE). 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 SOUTHERN AVENUE?

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