15, THE CROSSWAYS, MERSTHAM, REDHILL, RH1 3NA - £415,000

15 THE CROSSWAYS is a small extended detached house of 105m², built sometime between 1950 and 1966. It was last sold for £415,000 in October 2015, which was around 40% below the average October 2015 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was C.

15 THE CROSSWAYS Sold Prices

Land registry data shows two sales for 15 THE CROSSWAYS 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 15 THE CROSSWAYS 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
2015 9 OCT	£415,000	£689,097	40% below HPI
2003 22 MAY	£205,000	£389,060	47% below HPI

15 THE CROSSWAYS 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 15 THE CROSSWAYS sales from May 2003 and October 2015 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 May 2003 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the October 2015 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 15 THE CROSSWAYS?

15 THE CROSSWAYS is 105m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 40% of detached houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses by size in South Merstham, and where 15 THE CROSSWAYS lies on this distribution: 32% of detached houses are smaller than 15 THE CROSSWAYS, and 67% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

15 THE CROSSWAYS: Plot and Title Map

15 THE CROSSWAYS sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 15 THE CROSSWAYS, 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 15 THE CROSSWAYS). 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 15 THE CROSSWAYS?

15 THE CROSSWAYS is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 15 on THE CROSSWAYS.