FERNLEIGH, LODGE LANE, REDHILL, RH1 5DJ - £670,000

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

FERNLEIGH is a very large extended detached house of 212m², built sometime between 1930 and 1949. It was last sold for £670,000 in January 2011, which was around 31% above the average January 2011 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was D.

FERNLEIGH Sold Prices

Land registry data shows three sales for FERNLEIGH 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 FERNLEIGH 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
2011 28 JAN	£670,000	£510,507	31% above HPI
2005 16 MAY	£457,500	£418,371	9% above HPI
1995 22 JUN	£175,000	£145,181	21% above HPI

FERNLEIGH 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 FERNLEIGH sales between June 1995 and January 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 May 2005 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the January 2011 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is FERNLEIGH?

FERNLEIGH is 212m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the largest 20% of detached houses in Salfords, based on EPC data. The below chart shows the distribution of detached houses by size in Salfords, and where FERNLEIGH lies on this distribution: 90% of detached houses are smaller than FERNLEIGH, and 10% of houses are larger. Note that EPC data is not available for all properties in Salfords.

FERNLEIGH: Plot and Title Map

FERNLEIGH sits on a plot of roughly 0.323 of an acre, or 1,309m². The below map shows the location of FERNLEIGH, 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 FERNLEIGH). 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 FERNLEIGH?

FERNLEIGH is located on LODGE LANE in REDHILL, in the RH1 postcode district. The below map shows the position of FERNLEIGH on LODGE LANE.