HOME COTTAGE, QUALITY STREET, MERSTHAM, REDHILL, RH1 3BB - £775,000

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

HOME COTTAGE is a very large detached house of 180m², built sometime before 1900. It was last sold for £775,000 in January 2022, which was around 7% below the average January 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2008, where the current energy rating was F, and the potential energy rating was E.

HOME COTTAGE Sold Prices

Land registry data shows three sales for HOME 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 Reigate and Banstead local authority area for the corresponding sale date. All of the three HOME 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
2022 19 JAN	£775,000	£837,097	7% below HPI
2009 10 JUL	£340,000	£432,942	21% below HPI
2007 5 JUL	£412,500	£496,261	17% below HPI

HOME COTTAGE 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 HOME COTTAGE sales between July 2007 and January 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 July 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the January 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is HOME COTTAGE?

HOME COTTAGE is 180m² according to the EPC inspection conducted in October 2008. This puts it in the largest 20% of detached houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses by size in South Merstham, and where HOME COTTAGE lies on this distribution: 87% of detached houses are smaller than HOME COTTAGE, and 13% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

HOME COTTAGE: Plot and Title Map

HOME COTTAGE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of HOME 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 HOME 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 HOME COTTAGE?

HOME COTTAGE is located on QUALITY STREET in MERSTHAM, in the RH1 postcode district. The below map shows the position of HOME COTTAGE on QUALITY STREET.