ALDERSMEAD, SHEPHERDS HILL, MERSTHAM, REDHILL, RH1 3AD - £1,275,000

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

ALDERSMEAD is a midsized extended detached house of 215m², built sometime between 1950 and 1966. It was last sold for £1,275,000 in June 2022, which was around 50% above the average June 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was C.

ALDERSMEAD Sold Prices

Land registry data shows three sales for ALDERSMEAD 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 ALDERSMEAD 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
2022 1 JUN	£1,275,000	£848,292	50% above HPI
2004 27 FEB	£587,000	£394,660	49% above HPI
1997 11 FEB	£250,000	£160,169	56% above HPI

ALDERSMEAD 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 ALDERSMEAD sales between February 1997 and June 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 February 2004 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the June 2022 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is ALDERSMEAD?

ALDERSMEAD is 215m², which includes three extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 50% of detached houses in Merstham, based on EPC data. The below chart shows the distribution of detached houses by size in Merstham, and where ALDERSMEAD lies on this distribution: 59% of detached houses are smaller than ALDERSMEAD, and 41% of houses are larger. Note that EPC data is not available for all properties in Merstham.

ALDERSMEAD: Plot and Title Map

ALDERSMEAD sits on a plot of roughly 0.759 of an acre, or 3,071m². The below map shows the location of ALDERSMEAD, 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 ALDERSMEAD). 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 ALDERSMEAD?

ALDERSMEAD is located on SHEPHERDS HILL in MERSTHAM, in the RH1 postcode district. The below map shows the position of ALDERSMEAD on SHEPHERDS HILL.