9, OAK LODGE DRIVE, REDHILL, RH1 5EB - £850,000

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.

9 OAK LODGE DRIVE is a midsized detached house of 144m², built sometime between 1967 and 1975, which could now be worth an estimated £822,420. It was last sold for £850,000 in September 2022, which was around 10% below the average September 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was C.

9 OAK LODGE DRIVE Sold Prices

Land registry data shows three sales for 9 OAK LODGE DRIVE 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 9 OAK LODGE DRIVE 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
2022 16 SEP	£850,000	£939,755	10% below HPI
2013 18 OCT	£515,000	£576,359	11% below HPI
2008 4 JAN	£485,000	£528,767	8% below HPI

9 OAK LODGE DRIVE 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 9 OAK LODGE DRIVE sales between January 2008 and September 2022 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 2013 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 9 OAK LODGE DRIVE be worth now?

9 OAK LODGE DRIVE might now be worth an estimated £822,420.

This is based on house price deflation of 3.2%, between September 2022 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 3.2% deflationary decrease is applied to the most recent sale price for 9 OAK LODGE DRIVE of £850,000 on 16th September 2022. For the value to have decreased from £850,000 to £822,420 over the three years and six months to March 2025, the following assumptions must hold true:

• The value of 9 OAK LODGE DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The September 2022 sale price of £850,000 represented a fair market value for the property.
• The size, condition, and specification of 9 OAK LODGE DRIVE has not materially changed since September 2022.

How Large is 9 OAK LODGE DRIVE?

9 OAK LODGE DRIVE is 144m² according to the EPC inspection conducted in January 2020. This puts it in the largest 50% 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 9 OAK LODGE DRIVE lies on this distribution: 56% of detached houses houses are smaller than 9 OAK LODGE DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Salfords.

9 OAK LODGE DRIVE: Plot and Title Map

9 OAK LODGE DRIVE sits on a plot of roughly 0.346 of an acre, or 1,402m². The below map shows the location of 9 OAK LODGE DRIVE, 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 9 OAK LODGE DRIVE). 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 9 OAK LODGE DRIVE?

9 OAK LODGE DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 9 on OAK LODGE DRIVE.