PINE WOOD, SOMERSET ROAD, REDHILL, RH1 6LS - £430,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

PINE WOOD is a large extended detached house of 144m², built sometime between 1950 and 1966. It was last sold for £430,000 in June 2011, which was around 13% below the average June 2011 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

PINE WOOD Sold Prices

Land registry data shows four sales for PINE WOOD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four PINE WOOD 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
2011 24 JUN	£430,000	£493,658	13% below HPI
2004 28 MAY	£328,000	£394,124	17% below HPI
1999 13 DEC	£230,000	£248,662	8% below HPI
1997 28 NOV	£172,065	£190,043	9% below HPI

PINE WOOD 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 four PINE WOOD sales between November 1997 and June 2011 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 May 2004 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2011 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is PINE WOOD?

PINE WOOD is 144m², which includes two extensions, according to the EPC inspection conducted in June 2024. This puts it in the largest 40% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where PINE WOOD lies on this distribution: 61% of detached houses are smaller than PINE WOOD, and 38% of houses are larger. Note that EPC data is not available for all properties in Redhill.

PINE WOOD: Plot and Title Map

PINE WOOD sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of PINE WOOD, 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 PINE WOOD). 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 PINE WOOD?

PINE WOOD is located on SOMERSET ROAD in REDHILL, in the RH1 postcode district. The below map shows the position of PINE WOOD on SOMERSET ROAD.