LATCHETTS, COLLEY MANOR DRIVE, REIGATE, RH2 9JS - £837,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

LATCHETTS is a small extended detached house of 143m², built sometime between 1930 and 1949. It was last sold for £837,000 in May 2012, which was around 59% above the average May 2012 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.

LATCHETTS Sold Prices

Land registry data shows two sales for LATCHETTS 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 LATCHETTS sales were for above 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
2012 21 MAY	£837,000	£526,214	59% above HPI
1996 31 OCT	£245,000	£160,881	52% above HPI

LATCHETTS 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 LATCHETTS sales from October 1996 and May 2012 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 October 1996 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the May 2012 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might LATCHETTS be worth now?

LATCHETTS might now be worth an estimated £1,435,340.

This is based on house price inflation of 71.5%, between May 2012 and December 2024, 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 71.5% inflationary increase is applied to the most recent sale price for LATCHETTS of £837,000 on 21st May 2012. For the value to have increased from £837,000 to £1,435,340 over the eleven years and five months to December 2024, the following assumptions must hold true:

• The value of LATCHETTS has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2012 sale price of £837,000 represented a fair market value for the property.
• The size, condition, and specification of LATCHETTS has not materially changed since May 2012.

How Large is LATCHETTS?

LATCHETTS is 143m², which includes two extensions, according to the EPC inspection conducted in February 2011. This puts it in the smallest 40% of detached houses houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reigate, and where LATCHETTS lies on this distribution: 37% of detached houses houses are smaller than LATCHETTS, and 62% of houses are larger. Note that EPC data is not available for all properties in Reigate.

LATCHETTS: Plot and Title Map

LATCHETTS sits on a plot of roughly 0.197 of an acre, or 796m². The below map shows the location of LATCHETTS, 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 LATCHETTS). 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 LATCHETTS?

LATCHETTS is located on COLLEY MANOR DRIVE in REIGATE, in the RH2 postcode district. The below map shows the position of LATCHETTS on COLLEY MANOR DRIVE.