OAK COTTAGE, LODGE LANE, REDHILL, RH1 5DJ - £630,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

OAK COTTAGE is a very large extended detached house of 232m², built sometime between 1950 and 1966. It was last sold for £630,000 in December 2013, which was around 17% above the average December 2013 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was C.

OAK COTTAGE Sold Prices

Land registry data shows three sales for OAK 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. Two of the three OAK COTTAGE sales were for above the average price, whilst one 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
2013 5 DEC	£630,000	£540,683	17% above HPI
1998 4 SEP	£245,000	£212,838	15% above HPI
1997 26 FEB	£132,000	£160,169	18% below HPI

OAK 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 OAK COTTAGE sales between February 1997 and December 2013 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 September 1998 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2013 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is OAK COTTAGE?

OAK COTTAGE is 232m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the largest 10% of detached houses in Salfords, based on EPC data. The below chart shows the distribution of detached houses by size in Salfords, and where OAK COTTAGE lies on this distribution: 95% of detached houses are smaller than OAK COTTAGE, and 5% of houses are larger. Note that EPC data is not available for all properties in Salfords.

OAK COTTAGE: Plot and Title Map

OAK COTTAGE sits on a plot of roughly 0.456 of an acre, or 1,846m². The below map shows the location of OAK 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 OAK 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 OAK COTTAGE?

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