OAK TREE COTTAGE, KINGS CROSS LANE, SOUTH NUTFIELD, REDHILL, RH1 5NJ - £1,375,000

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 TREE COTTAGE is a very large extended detached house of 227m², built sometime from 2007 onwards, which could now be worth an estimated £1,450,468. It was last sold for £1,375,000 in October 2020, which was around 65% above the average October 2020 detached price in the Tandridge local authority area. The most recent EPC inspection was June 2020, where the current energy rating was B, and the potential energy rating was B.

OAK TREE COTTAGE Sold Prices

Land registry data shows three sales for OAK TREE 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 Tandridge local authority area for the corresponding sale date. Two of the three OAK TREE 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
2020 29 OCT	£1,375,000	£830,816	65% above HPI
2017 9 FEB	£915,000	£763,618	20% above HPI
2005 6 SEP	£326,000	£457,215	29% below HPI

OAK TREE COTTAGE 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 three OAK TREE COTTAGE sales between September 2005 and October 2020 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 February 2017 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the October 2020 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might OAK TREE COTTAGE be worth now?

OAK TREE COTTAGE might now be worth an estimated £1,450,468.

This is based on house price inflation of 5.5%, between October 2020 and February 2025, for detached houses, in the Tandridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.5% inflationary increase is applied to the most recent sale price for OAK TREE COTTAGE of £1,375,000 on 29th October 2020. For the value to have increased from £1,375,000 to £1,450,468 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of OAK TREE COTTAGE has moved in line with the HPI for detached houses in the Tandridge local authority area.
• The October 2020 sale price of £1,375,000 represented a fair market value for the property.
• The size, condition, and specification of OAK TREE COTTAGE has not materially changed since October 2020.

How Large is OAK TREE COTTAGE?

OAK TREE COTTAGE is 227m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 20% of detached houses houses in South Nutfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Nutfield, and where OAK TREE COTTAGE lies on this distribution: 87% of detached houses houses are smaller than OAK TREE COTTAGE, and 12% of houses are larger. Note that EPC data is not available for all properties in South Nutfield.

OAK TREE COTTAGE: Plot and Title Map

OAK TREE COTTAGE sits on a plot of roughly 0.272 of an acre, or 1,101m². The below map shows the location of OAK TREE 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 TREE 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 TREE COTTAGE?

OAK TREE COTTAGE is located on KINGS CROSS LANE in SOUTH NUTFIELD, in the RH1 postcode district. The below map shows the position of OAK TREE COTTAGE on KINGS CROSS LANE.