LAWN COTTAGE, LODGE LANE, REDHILL, RH1 5DH - £540,000

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

LAWN COTTAGE is a midsized extended detached house of 125m², built sometime between 1900 and 1929. It was last sold for £540,000 in January 2015, which was around 15% below the average January 2015 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was D.

LAWN COTTAGE Sold Prices

Land registry data shows two sales for LAWN COTTAGE 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. One of the two LAWN COTTAGE sales was for below the average price, whilst the other was 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
2015 15 JAN	£540,000	£633,774	15% below HPI
1996 29 NOV	£173,000	£155,028	12% above HPI

LAWN 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 two LAWN COTTAGE sales from November 1996 and January 2015 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 November 1996 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2015 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is LAWN COTTAGE?

LAWN COTTAGE is 125m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 50% of detached houses in Salfords, based on EPC data. The below chart shows the distribution of detached houses by size in Salfords, and where LAWN COTTAGE lies on this distribution: 43% of detached houses are smaller than LAWN COTTAGE, and 56% of houses are larger. Note that EPC data is not available for all properties in Salfords.

LAWN COTTAGE: Plot and Title Map

LAWN COTTAGE sits on a plot of roughly 0.547 of an acre, or 2,215m². The below map shows the location of LAWN 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 LAWN 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 LAWN COTTAGE?

LAWN COTTAGE is located on LODGE LANE in REDHILL, in the RH1 postcode district. The below map shows the position of LAWN COTTAGE on LODGE LANE.