TOFTREES, MILLERS LANE, OUTWOOD, REDHILL, RH1 5QB - £1,767,500

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

TOFTREES is a very large extended detached house of 267m², built sometime between 1930 and 1949. It was last sold for £1,767,500 in August 2022, which was around 88% above the average August 2022 detached price in the Tandridge local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

TOFTREES Sold Prices

Land registry data shows two sales for TOFTREES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. Both of the two TOFTREES sales were for above 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
2022 18 AUG	£1,767,500	£938,095	88% above HPI
2006 2 OCT	£722,500	£482,035	50% above HPI

TOFTREES 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 two TOFTREES sales from October 2006 and August 2022 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 October 2006 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the August 2022 sale, where it rises to 88% above the HPI. The line then continues to track at 88% above the HPI.

How Large is TOFTREES?

TOFTREES is 267m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the largest 20% of detached houses in Outwood, based on EPC data. The below chart shows the distribution of detached houses by size in Outwood, and where TOFTREES lies on this distribution: 88% of detached houses are smaller than TOFTREES, and 12% of houses are larger. Note that EPC data is not available for all properties in Outwood.

TOFTREES: Plot and Title Map

TOFTREES sits on a plot of roughly 1.3 acres, or 5,127m². The below map shows the location of TOFTREES, 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 TOFTREES). 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 TOFTREES?

TOFTREES is located on MILLERS LANE in OUTWOOD, in the RH1 postcode district. The below map shows the position of TOFTREES on MILLERS LANE.