2, BURNHAM DRIVE, REIGATE, RH2 9HD - £425,000

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.

2 BURNHAM DRIVE is a very small extended terraced house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £520,799. It was last sold for £425,000 in December 2018, which was around 18% above the average December 2018 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

2 BURNHAM DRIVE Sold Prices

Land registry data shows two sales for 2 BURNHAM DRIVE 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 2 BURNHAM DRIVE 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
2018 7 DEC	£425,000	£360,723	18% above HPI
1995 17 MAR	£92,000	£66,829	38% above HPI

2 BURNHAM DRIVE 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 2 BURNHAM DRIVE sales from March 1995 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 March 1995 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the December 2018 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 2 BURNHAM DRIVE be worth now?

2 BURNHAM DRIVE might now be worth an estimated £520,799.

This is based on house price inflation of 22.5%, between December 2018 and April 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 22.5% inflationary increase is applied to the most recent sale price for 2 BURNHAM DRIVE of £425,000 on 7th December 2018. For the value to have increased from £425,000 to £520,799 over the eight years and eight months to April 2026, the following assumptions must hold true:

• The value of 2 BURNHAM DRIVE has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The December 2018 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BURNHAM DRIVE has not materially changed since December 2018.

How Large is 2 BURNHAM DRIVE?

2 BURNHAM DRIVE is 90m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% of terraced houses houses in Reigate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Reigate, and where 2 BURNHAM DRIVE lies on this distribution: 6% of terraced houses houses are smaller than 2 BURNHAM DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Reigate.

2 BURNHAM DRIVE: Plot and Title Map

2 BURNHAM DRIVE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 2 BURNHAM 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 2 BURNHAM 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 2 BURNHAM DRIVE?

2 BURNHAM DRIVE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 2 on BURNHAM DRIVE.