GREENLEA, GREEN LANE, REDHILL, RH1 5LJ - £432,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GREENLEA is a very small extended detached house of 78m², built sometime between 1900 and 1929, which could now be worth an estimated £486,687. It was last sold for £432,000 in October 2019, which was around 46% below the average October 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

GREENLEA Sold Prices

Land registry data shows two sales for GREENLEA 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 GREENLEA 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
2019 18 OCT	£432,000	£797,646	46% below HPI
2009 3 JUL	£202,500	£454,097	55% below HPI

GREENLEA 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 GREENLEA sales from July 2009 and October 2019 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 2009 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the October 2019 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might GREENLEA be worth now?

GREENLEA might now be worth an estimated £486,687.

This is based on house price inflation of 12.7%, between October 2019 and February 2025, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.7% inflationary increase is applied to the most recent sale price for GREENLEA of £432,000 on 18th October 2019. For the value to have increased from £432,000 to £486,687 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of GREENLEA has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2019 sale price of £432,000 represented a fair market value for the property.
• The size, condition, and specification of GREENLEA has not materially changed since October 2019.

How Large is GREENLEA?

GREENLEA is 78m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where GREENLEA lies on this distribution: 7% of detached houses houses are smaller than GREENLEA, and 93% of houses are larger. Note that EPC data is not available for all properties in Redhill.

GREENLEA: Plot and Title Map

GREENLEA sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of GREENLEA, 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 GREENLEA). 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 GREENLEA?

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