17, BOURNE ROAD, MERSTHAM, REDHILL, RH1 3HF - £337,500

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.

17 BOURNE ROAD is a very small terraced house of 78m², built sometime between 1900 and 1929, which could now be worth an estimated £402,310. It was last sold for £337,500 in December 2018, which was around 6% below the average December 2018 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

17 BOURNE ROAD Sold Prices

Land registry data shows two sales for 17 BOURNE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 17 BOURNE ROAD 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
2018 7 DEC	£337,500	£360,723	6% below HPI
1996 3 JUL	£28,000	£69,071	59% below HPI

17 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 two 17 BOURNE ROAD sales from July 1996 and December 2018 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 July 1996 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the December 2018 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 17 BOURNE ROAD be worth now?

17 BOURNE ROAD might now be worth an estimated £402,310.

This is based on house price inflation of 19.2%, between December 2018 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 19.2% inflationary increase is applied to the most recent sale price for 17 BOURNE ROAD of £337,500 on 7th December 2018. For the value to have increased from £337,500 to £402,310 over the eight years and seven months to May 2026, the following assumptions must hold true:

• The value of 17 BOURNE ROAD has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The December 2018 sale price of £337,500 represented a fair market value for the property.
• The size, condition, and specification of 17 BOURNE ROAD has not materially changed since December 2018.

How Large is 17 BOURNE ROAD?

17 BOURNE ROAD is 78m² according to the EPC inspection conducted in July 2018. 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 17 BOURNE ROAD lies on this distribution: 5% of terraced houses houses are smaller than 17 BOURNE ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

17 BOURNE ROAD: Plot and Title Map

17 BOURNE ROAD sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 17 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 17 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 17 BOURNE ROAD?

17 BOURNE ROAD is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 17 on BOURNE ROAD.