90, SPENCER WAY, REDHILL, RH1 5DQ - £240,000

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

90 SPENCER WAY is a large extended detached house of 170m², built sometime between 1950 and 1966. It was last sold for £240,000 in September 2003, which was around 39% below the average September 2003 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

90 SPENCER WAY Sold Prices

Land registry data shows two sales for 90 SPENCER WAY 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 90 SPENCER WAY 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 19 SEP	£240,000	£393,652	39% below HPI
1997 6 NOV	£122,000	£190,043	36% below HPI

90 SPENCER WAY 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 90 SPENCER WAY sales from November 1997 and September 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 November 1997 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2003 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 90 SPENCER WAY?

90 SPENCER WAY is 170m², which includes two extensions, according to the EPC inspection conducted in February 2015. This puts it in the largest 30% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 90 SPENCER WAY lies on this distribution: 75% of detached houses are smaller than 90 SPENCER WAY, and 25% of houses are larger. Note that EPC data is not available for all properties in Redhill.

90 SPENCER WAY: Plot and Title Map

90 SPENCER WAY sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 90 SPENCER WAY, 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 90 SPENCER WAY). 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 90 SPENCER WAY?

90 SPENCER WAY is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 90 on SPENCER WAY.