OAK HOUSE, GRANGE DRIVE, MERSTHAM, REDHILL, RH1 3DZ - £800,000

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.

OAK HOUSE is a large extended detached house of 147m², built sometime between 2007 and 2011, which could now be worth an estimated £837,287. It was last sold for £800,000 in October 2021, which was around 7% below the average October 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

OAK HOUSE Sold Prices

Land registry data shows two sales for OAK HOUSE 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 OAK HOUSE 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
2021 29 OCT	£800,000	£858,602	7% below HPI
2009 11 DEC	£450,000	£492,625	9% below HPI

OAK HOUSE 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 OAK HOUSE sales from December 2009 and October 2021 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 December 2009 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might OAK HOUSE be worth now?

OAK HOUSE might now be worth an estimated £837,287.

This is based on house price inflation of 4.7%, between October 2021 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 4.7% inflationary increase is applied to the most recent sale price for OAK HOUSE of £800,000 on 29th October 2021. For the value to have increased from £800,000 to £837,287 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of OAK HOUSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2021 sale price of £800,000 represented a fair market value for the property.
• The size, condition, and specification of OAK HOUSE has not materially changed since October 2021.

How Large is OAK HOUSE?

OAK HOUSE is 147m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 30% 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 OAK HOUSE lies on this distribution: 70% of detached houses houses are smaller than OAK HOUSE, and 28% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

OAK HOUSE: Plot and Title Map

OAK HOUSE sits on a plot of roughly 0.269 of an acre, or 1,087m². The below map shows the location of OAK HOUSE, 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 HOUSE). 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 HOUSE?

OAK HOUSE is located on GRANGE DRIVE in MERSTHAM, in the RH1 postcode district. The below map shows the position of OAK HOUSE on GRANGE DRIVE.