2, CHARTWAY, REIGATE, RH2 0NZ - £765,000

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 CHARTWAY is a very small extended detached house of 115m², built sometime between 1930 and 1949, which could now be worth an estimated £891,209. It was last sold for £765,000 in May 2021, which was around 6% below the average May 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

2 CHARTWAY Sold Prices

Land registry data shows three sales for 2 CHARTWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Two of the three 2 CHARTWAY sales were for below the average price, whilst one was 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
2021 13 MAY	£765,000	£814,470	6% below HPI
2012 30 MAR	£535,000	£524,848	2% above HPI
1997 10 DEC	£190,000	£200,959	5% below HPI

2 CHARTWAY 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 three 2 CHARTWAY sales between December 1997 and May 2021 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 2012 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the May 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 2 CHARTWAY be worth now?

2 CHARTWAY might now be worth an estimated £891,209.

This is based on house price inflation of 16.5%, between May 2021 and April 2026, for 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 16.5% inflationary increase is applied to the most recent sale price for 2 CHARTWAY of £765,000 on 13th May 2021. For the value to have increased from £765,000 to £891,209 over the five years and one month to April 2026, the following assumptions must hold true:

• The value of 2 CHARTWAY has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2021 sale price of £765,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHARTWAY has not materially changed since May 2021.

How Large is 2 CHARTWAY?

2 CHARTWAY is 115m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% of detached houses houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reigate, and where 2 CHARTWAY lies on this distribution: 18% of detached houses houses are smaller than 2 CHARTWAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Reigate.

2 CHARTWAY: Plot and Title Map

2 CHARTWAY sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 2 CHARTWAY, 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 CHARTWAY). 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 CHARTWAY?

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