LANE COTTAGE, OLD MILL LANE, MERSTHAM, REDHILL, RH1 3BE - £380,000

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.

LANE COTTAGE is a very small extended detached house of 51m², built sometime before 1900, which could now be worth an estimated £437,953. It was last sold for £380,000 in October 2016, which was around 51% below the average October 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2016, where the current energy rating was F, and the potential energy rating was B.

LANE COTTAGE Sold Prices

Land registry data shows three sales for LANE 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 LANE 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 19 OCT	£380,000	£779,709	51% below HPI
2006 11 AUG	£246,500	£458,629	46% below HPI
2002 23 MAY	£170,000	£351,238	52% below HPI

LANE 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 LANE COTTAGE sales between May 2002 and October 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 August 2006 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the October 2016 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might LANE COTTAGE be worth now?

LANE COTTAGE might now be worth an estimated £437,953.

This is based on house price inflation of 15.3%, between October 2016 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 15.3% inflationary increase is applied to the most recent sale price for LANE COTTAGE of £380,000 on 19th October 2016. For the value to have increased from £380,000 to £437,953 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of LANE COTTAGE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2016 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of LANE COTTAGE has not materially changed since October 2016.

How Large is LANE COTTAGE?

LANE COTTAGE is 51m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of detached houses houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Merstham, and where LANE COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than LANE COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

LANE COTTAGE: Plot and Title Map

LANE COTTAGE sits on a plot of roughly 0.030 of an acre, or 123m². The below map shows the location of LANE 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 LANE 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 LANE COTTAGE?

LANE COTTAGE is located on OLD MILL LANE in MERSTHAM, in the RH1 postcode district. The below map shows the position of LANE COTTAGE on OLD MILL LANE.