OLD BRIARS, SMOKE LANE, REIGATE, RH2 7HJ - £1,115,000

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

OLD BRIARS is a midsized extended detached house of 179m², built sometime between 1950 and 1966. It was last sold for £1,115,000 in September 2021, which was around 41% above the average September 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

OLD BRIARS Sold Prices

Land registry data shows three sales for OLD BRIARS 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 OLD BRIARS 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
2021 2 SEP	£1,115,000	£791,383	41% above HPI
2011 12 AUG	£600,000	£509,427	18% above HPI
2001 5 JUL	£245,000	£306,243	20% below HPI

OLD BRIARS 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 OLD BRIARS sales between July 2001 and September 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 August 2011 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 2021 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is OLD BRIARS?

OLD BRIARS is 179m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 50% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where OLD BRIARS lies on this distribution: 59% of detached houses are smaller than OLD BRIARS, and 40% of houses are larger. Note that EPC data is not available for all properties in Reigate.

OLD BRIARS: Plot and Title Map

OLD BRIARS sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of OLD BRIARS, 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 OLD BRIARS). 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 OLD BRIARS?

OLD BRIARS is located on SMOKE LANE in REIGATE, in the RH2 postcode district. The below map shows the position of OLD BRIARS on SMOKE LANE.