FRANKLANDS, ROCKSHAW ROAD, MERSTHAM, REDHILL, RH1 3DD - £777,500

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

FRANKLANDS is a small detached house of 163m², built sometime between 1950 and 1966. It was last sold for £777,500 in November 2016, which was around 6% above the average November 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

FRANKLANDS Sold Prices

Land registry data shows two sales for FRANKLANDS 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 FRANKLANDS 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
2016 9 NOV	£777,500	£731,349	6% above HPI
2004 1 JUL	£485,000	£406,151	19% above HPI

FRANKLANDS 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 FRANKLANDS sales from July 2004 and November 2016 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 July 2004 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2016 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is FRANKLANDS?

FRANKLANDS is 163m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses in Merstham, based on EPC data. The below chart shows the distribution of detached houses by size in Merstham, and where FRANKLANDS lies on this distribution: 28% of detached houses are smaller than FRANKLANDS, and 72% of houses are larger. Note that EPC data is not available for all properties in Merstham.

FRANKLANDS: Plot and Title Map

FRANKLANDS sits on a plot of roughly 0.381 of an acre, or 1,543m². The below map shows the location of FRANKLANDS, 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 FRANKLANDS). 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 FRANKLANDS?

FRANKLANDS is located on ROCKSHAW ROAD in MERSTHAM, in the RH1 postcode district. The below map shows the position of FRANKLANDS on ROCKSHAW ROAD.