14, MELTON ROAD, MERSTHAM, REDHILL, RH1 3HB - £550,000

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.

14 MELTON ROAD is a small semi-detached house of 98m², built sometime between 1950 and 1966, which could now be worth an estimated £606,827. It was last sold for £550,000 in December 2020, which was around 15% above the average December 2020 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

14 MELTON ROAD Sold Prices

Land registry data shows four sales for 14 MELTON ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 14 MELTON ROAD 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
2020 10 DEC	£550,000	£479,359	15% above HPI
2016 13 DEC	£492,000	£427,071	15% above HPI
2007 21 SEP	£339,500	£305,366	11% above HPI
2004 10 FEB	£280,000	£234,493	19% above HPI

14 MELTON ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The four 14 MELTON ROAD sales between February 2004 and December 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 December 2016 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2020 sale, which was also at 15% above the HPI.

What might 14 MELTON ROAD be worth now?

14 MELTON ROAD might now be worth an estimated £606,827.

This is based on house price inflation of 10.3%, between December 2020 and February 2025, for semi-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 10.3% inflationary increase is applied to the most recent sale price for 14 MELTON ROAD of £550,000 on 10th December 2020. For the value to have increased from £550,000 to £606,827 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 14 MELTON ROAD has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The December 2020 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 14 MELTON ROAD has not materially changed since December 2020.

How Large is 14 MELTON ROAD?

14 MELTON ROAD is 98m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% of semi-detached houses houses in South Merstham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in South Merstham, and where 14 MELTON ROAD lies on this distribution: 24% of semi-detached houses houses are smaller than 14 MELTON ROAD, and 76% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

14 MELTON ROAD: Plot and Title Map

14 MELTON ROAD sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 14 MELTON ROAD, 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 14 MELTON ROAD). 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 14 MELTON ROAD?

14 MELTON ROAD is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 14 on MELTON ROAD.