WIGGIE LODGE, WIGGIE LANE, REDHILL, RH1 2HJ - £480,000

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

WIGGIE LODGE is a very small detached house of 92m², built sometime between 1900 and 1929. It was last sold for £480,000 in November 2020, which was around 41% below the average November 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was B.

WIGGIE LODGE Sold Prices

Land registry data shows four sales for WIGGIE LODGE 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 WIGGIE LODGE 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
2020 23 NOV	£480,000	£813,243	41% below HPI
2013 28 AUG	£325,000	£544,317	40% below HPI
2007 28 SEP	£367,500	£508,290	28% below HPI
2001 26 SEP	£135,000	£314,588	57% below HPI

WIGGIE LODGE 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 WIGGIE LODGE sales between September 2001 and November 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 August 2013 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2020 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is WIGGIE LODGE?

WIGGIE LODGE is 92m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where WIGGIE LODGE lies on this distribution: 18% of detached houses are smaller than WIGGIE LODGE, and 81% of houses are larger. Note that EPC data is not available for all properties in Redhill.

WIGGIE LODGE: Plot and Title Map

WIGGIE LODGE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of WIGGIE LODGE, 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 WIGGIE LODGE). 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 WIGGIE LODGE?

WIGGIE LODGE is located on WIGGIE LANE in REDHILL, in the RH1 postcode district. The below map shows the position of WIGGIE LODGE on WIGGIE LANE.