HIGHBANK COTTAGE, OUTWOOD LANE, BLETCHINGLEY, REDHILL, RH1 4LR - £550,000

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

HIGHBANK COTTAGE is a small detached house of 110m², built sometime between 1991 and 1995. It was last sold for £550,000 in August 2016, which was around 27% below the average August 2016 detached price in the Tandridge local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

HIGHBANK COTTAGE Sold Prices

Land registry data shows three sales for HIGHBANK COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. All of the three HIGHBANK COTTAGE 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
2016 30 AUG	£550,000	£748,606	27% below HPI
1999 28 APR	£185,000	£235,316	21% below HPI
1997 1 SEP	£157,000	£199,709	21% below HPI

HIGHBANK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tandridge local authority area over time, sourced from the HPI. The three HIGHBANK COTTAGE sales between September 1997 and August 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 April 1999 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2016 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is HIGHBANK COTTAGE?

HIGHBANK COTTAGE is 110m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 30% of detached houses in Bletchingley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchingley, and where HIGHBANK COTTAGE lies on this distribution: 30% of detached houses are smaller than HIGHBANK COTTAGE, and 70% of houses are larger. Note that EPC data is not available for all properties in Bletchingley.

HIGHBANK COTTAGE: Plot and Title Map

HIGHBANK COTTAGE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of HIGHBANK COTTAGE, 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 HIGHBANK COTTAGE). 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 HIGHBANK COTTAGE?

HIGHBANK COTTAGE is located on OUTWOOD LANE in BLETCHINGLEY, in the RH1 postcode district. The below map shows the position of HIGHBANK COTTAGE on OUTWOOD LANE.