16, BOURNE ROAD, MERSTHAM, REDHILL, RH1 3HF - £346,000

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.

16 BOURNE ROAD is a very small terraced house of 81m², built sometime before 1900, which could now be worth an estimated £464,795. It was last sold for £346,000 in June 2015, which was around 8% above the average June 2015 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was D.

16 BOURNE ROAD Sold Prices

Land registry data shows five sales for 16 BOURNE ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. Most of the five 16 BOURNE 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
2015 26 JUN	£346,000	£320,093	8% above HPI
2012 11 DEC	£290,000	£249,399	16% above HPI
2011 13 MAY	£285,000	£232,510	23% above HPI
2007 12 DEC	£295,000	£250,403	18% above HPI
1998 25 MAY	£87,000	£88,416	2% below HPI

16 BOURNE ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The five 16 BOURNE ROAD sales between May 1998 and June 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 December 2012 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the June 2015 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 16 BOURNE ROAD be worth now?

16 BOURNE ROAD might now be worth an estimated £464,795.

This is based on house price inflation of 34.3%, between June 2015 and May 2026, for terraced 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 34.3% inflationary increase is applied to the most recent sale price for 16 BOURNE ROAD of £346,000 on 26th June 2015. For the value to have increased from £346,000 to £464,795 over the eleven years and one month to May 2026, the following assumptions must hold true:

• The value of 16 BOURNE ROAD has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The June 2015 sale price of £346,000 represented a fair market value for the property.
• The size, condition, and specification of 16 BOURNE ROAD has not materially changed since June 2015.

How Large is 16 BOURNE ROAD?

16 BOURNE ROAD is 81m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 10% of terraced houses houses in South Merstham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in South Merstham, and where 16 BOURNE ROAD lies on this distribution: 6% of terraced houses houses are smaller than 16 BOURNE ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

16 BOURNE ROAD: Plot and Title Map

16 BOURNE ROAD sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 16 BOURNE 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 16 BOURNE 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 16 BOURNE ROAD?

16 BOURNE ROAD is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 16 on BOURNE ROAD.