RED GABLES, ROCKSHAW ROAD, MERSTHAM, REDHILL, RH1 3DD - £370,000

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

RED GABLES is a very small extended detached house of 139m², built sometime between 1950 and 1966. It was last sold for £370,000 in November 2005, which was around 12% below the average November 2005 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was C.

RED GABLES Sold Prices

Land registry data shows two sales for RED GABLES 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 RED GABLES 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
2005 30 NOV	£370,000	£420,189	12% below HPI
2001 20 NOV	£317,500	£319,193	1% below HPI

RED GABLES 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 RED GABLES sales from November 2001 and November 2005 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 November 2001 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2005 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is RED GABLES?

RED GABLES is 139m², which includes one extension, according to the EPC inspection conducted in December 2016. This puts it in the smallest 20% of detached houses in Merstham, based on EPC data. The below chart shows the distribution of detached houses by size in Merstham, and where RED GABLES lies on this distribution: 12% of detached houses are smaller than RED GABLES, and 86% of houses are larger. Note that EPC data is not available for all properties in Merstham.

RED GABLES: Plot and Title Map

RED GABLES sits on a plot of roughly 0.152 of an acre, or 617m². The below map shows the location of RED GABLES, 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 RED GABLES). 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 RED GABLES?

RED GABLES is located on ROCKSHAW ROAD in MERSTHAM, in the RH1 postcode district. The below map shows the position of RED GABLES on ROCKSHAW ROAD.