12, BUDGEN DRIVE, REDHILL, RH1 2QB - £575,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 BUDGEN DRIVE is a midsized extended detached house of 131m², built sometime between 1983 and 1990, which could now be worth an estimated £631,187. It was last sold for £575,000 in October 2020, which was around 31% below the average October 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2015, where the current energy rating was B, and the potential energy rating was A.

12 BUDGEN DRIVE Sold Prices

Land registry data shows four sales for 12 BUDGEN DRIVE 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 12 BUDGEN DRIVE 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 26 OCT	£575,000	£839,036	31% below HPI
2015 26 NOV	£530,000	£722,970	27% below HPI
2000 18 APR	£214,000	£278,328	23% below HPI
1996 18 DEC	£124,950	£163,807	24% below HPI

12 BUDGEN DRIVE 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 12 BUDGEN DRIVE sales between December 1996 and October 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 November 2015 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2020 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 12 BUDGEN DRIVE be worth now?

12 BUDGEN DRIVE might now be worth an estimated £631,187.

This is based on house price inflation of 9.8%, between October 2020 and May 2026, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.8% inflationary increase is applied to the most recent sale price for 12 BUDGEN DRIVE of £575,000 on 26th October 2020. For the value to have increased from £575,000 to £631,187 over the six years and five months to May 2026, the following assumptions must hold true:

• The value of 12 BUDGEN DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2020 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 12 BUDGEN DRIVE has not materially changed since October 2020.

How Large is 12 BUDGEN DRIVE?

12 BUDGEN DRIVE is 131m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 50% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 12 BUDGEN DRIVE lies on this distribution: 51% of detached houses houses are smaller than 12 BUDGEN DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Redhill.

12 BUDGEN DRIVE: Plot and Title Map

12 BUDGEN DRIVE sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 12 BUDGEN DRIVE, 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 12 BUDGEN DRIVE). 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 12 BUDGEN DRIVE?

12 BUDGEN DRIVE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 12 on BUDGEN DRIVE.