2, MILLWAY, REIGATE, RH2 0RH - £975,000

2 MILLWAY is a midsized extended detached house of 172m², built sometime between 1976 and 1982. It was last sold for £975,000 in May 2021, which was around 26% above the average May 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

2 MILLWAY Sold Prices

Land registry data shows three sales for 2 MILLWAY 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. All of the three 2 MILLWAY 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
2021 26 MAY	£975,000	£776,526	26% above HPI
2007 1 AUG	£640,000	£505,178	27% above HPI
2002 10 SEP	£403,000	£359,872	12% above HPI

2 MILLWAY 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 MILLWAY sales between September 2002 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 August 2007 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the May 2021 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 2 MILLWAY?

2 MILLWAY is 172m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 50% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 2 MILLWAY lies on this distribution: 57% of detached houses are smaller than 2 MILLWAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Reigate.

2 MILLWAY: Plot and Title Map

2 MILLWAY sits on a plot of roughly 0.218 of an acre, or 882m². The below map shows the location of 2 MILLWAY, 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 MILLWAY). 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 MILLWAY?

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