IVERLEY, MILLERS LANE, OUTWOOD, REDHILL, RH1 5QB - £675,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

IVERLEY is a large extended detached house of 224m², built sometime between 1900 and 1929. It was last sold for £675,000 in September 2023, which was around 28% below the average September 2023 detached price in the Tandridge local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

IVERLEY Sold Prices

Land registry data shows two sales for IVERLEY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. Both of the two IVERLEY 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
2023 6 SEP	£675,000	£940,786	28% below HPI
2002 16 DEC	£332,500	£410,183	19% below HPI

IVERLEY 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 two IVERLEY sales from December 2002 and September 2023 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 December 2002 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2023 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is IVERLEY?

IVERLEY is 224m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the largest 40% of detached houses in Outwood, based on EPC data. The below chart shows the distribution of detached houses by size in Outwood, and where IVERLEY lies on this distribution: 64% of detached houses are smaller than IVERLEY, and 33% of houses are larger. Note that EPC data is not available for all properties in Outwood.

IVERLEY: Plot and Title Map

IVERLEY sits on a plot of roughly 0.192 of an acre, or 779m². The below map shows the location of IVERLEY, 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 IVERLEY). 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 IVERLEY?

IVERLEY is located on MILLERS LANE in OUTWOOD, in the RH1 postcode district. The below map shows the position of IVERLEY on MILLERS LANE.