8, THE FAIRWAYS, REDHILL, RH1 6LP - £1,050,000

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 THE FAIRWAYS is a large detached house of 160m², built sometime between 1996 and 2002, which could now be worth an estimated £1,020,723. It was last sold for £1,050,000 in August 2024, which was around 13% above the average August 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

8 THE FAIRWAYS Sold Prices

Land registry data shows three sales for 8 THE FAIRWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 8 THE FAIRWAYS sales were for above 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
2024 2 AUG	£1,050,000	£928,268	13% above HPI
2006 12 OCT	£540,000	£458,224	18% above HPI
1998 12 NOV	£336,000	£223,032	51% above HPI

8 THE FAIRWAYS 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 three 8 THE FAIRWAYS sales between November 1998 and August 2024 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 October 2006 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2024 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 8 THE FAIRWAYS be worth now?

8 THE FAIRWAYS might now be worth an estimated £1,020,723.

This is based on house price deflation of 2.8%, between August 2024 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 2.8% deflationary decrease is applied to the most recent sale price for 8 THE FAIRWAYS of £1,050,000 on 2nd August 2024. For the value to have decreased from £1,050,000 to £1,020,723 over the eight months to December 2024, the following assumptions must hold true:

• The value of 8 THE FAIRWAYS has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The August 2024 sale price of £1,050,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE FAIRWAYS has not materially changed since August 2024.

How Large is 8 THE FAIRWAYS?

8 THE FAIRWAYS is 160m² according to the EPC inspection conducted in May 2018. This puts it in the largest 30% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 8 THE FAIRWAYS lies on this distribution: 71% of detached houses houses are smaller than 8 THE FAIRWAYS, and 29% of houses are larger. Note that EPC data is not available for all properties in Redhill.

8 THE FAIRWAYS: Plot and Title Map

8 THE FAIRWAYS sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of 8 THE FAIRWAYS, 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 THE FAIRWAYS). 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 THE FAIRWAYS?

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