MILLCROFT, MILLERS LANE, OUTWOOD, REDHILL, RH1 5QB - £950,000

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

MILLCROFT is a very large extended detached house of 248m², built sometime between 1950 and 1966. It was last sold for £950,000 in July 2019, which was around 24% above the average July 2019 detached price in the Tandridge local authority area. The most recent EPC inspection was May 2018, where the current energy rating was F, and the potential energy rating was E.

MILLCROFT Sold Prices

Land registry data shows two sales for MILLCROFT 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. One of the two MILLCROFT sales was for above the average price, whilst the other was 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
2019 8 JUL	£950,000	£764,742	24% above HPI
2003 26 NOV	£399,950	£427,755	7% below HPI

MILLCROFT 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 MILLCROFT sales from November 2003 and July 2019 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 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2019 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is MILLCROFT?

MILLCROFT is 248m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 20% of detached houses in Outwood, based on EPC data. The below chart shows the distribution of detached houses by size in Outwood, and where MILLCROFT lies on this distribution: 82% of detached houses are smaller than MILLCROFT, and 18% of houses are larger. Note that EPC data is not available for all properties in Outwood.

MILLCROFT: Plot and Title Map

MILLCROFT sits on a plot of roughly 0.244 of an acre, or 988m². The below map shows the location of MILLCROFT, 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 MILLCROFT). 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 MILLCROFT?

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