94, SOMERSET ROAD, REDHILL, RH1 6ND - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

94 SOMERSET ROAD is a small extended semi-detached house of 95m², built sometime between 1950 and 1966. It was last sold for £425,000 in July 2011, which was around 15% below the average July 2011 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

94 SOMERSET ROAD Sold Prices

Land registry data shows two sales for 94 SOMERSET 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 94 SOMERSET 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
2011 27 JUL	£425,000	£500,131	15% below HPI
2002 5 NOV	£285,000	£378,124	25% below HPI

94 SOMERSET 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 94 SOMERSET ROAD sales from November 2002 and July 2011 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 2002 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2011 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 94 SOMERSET ROAD?

94 SOMERSET ROAD is 95m², which includes one extension, according to the EPC inspection conducted in October 2010. This puts it in the smallest 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 94 SOMERSET ROAD lies on this distribution: 21% of detached houses are smaller than 94 SOMERSET ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Redhill.

94 SOMERSET ROAD: Plot and Title Map

94 SOMERSET ROAD sits on a plot of roughly 0.247 of an acre, or 998m². The below map shows the location of 94 SOMERSET 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 94 SOMERSET 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 94 SOMERSET ROAD?

94 SOMERSET ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 94 on SOMERSET ROAD.