2, NEW COTTAGES, REIGATE HILL, REIGATE, RH2 9PH - £435,000

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 NEW COTTAGES is a very small extended terraced house of 76m², built sometime between 1900 and 1929, which could now be worth an estimated £523,244. It was last sold for £435,000 in January 2019, which was around 21% above the average January 2019 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

2 NEW COTTAGES Sold Prices

Land registry data shows three sales for 2 NEW COTTAGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 2 NEW COTTAGES 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
2019 28 JAN	£435,000	£359,419	21% above HPI
2015 6 MAR	£350,000	£308,405	13% above HPI
2005 28 OCT	£227,000	£207,612	9% above HPI

2 NEW COTTAGES 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 three 2 NEW COTTAGES sales between October 2005 and January 2019 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 2015 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the January 2019 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 2 NEW COTTAGES be worth now?

2 NEW COTTAGES might now be worth an estimated £523,244.

This is based on house price inflation of 20.3%, between January 2019 and June 2025, 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 20.3% inflationary increase is applied to the most recent sale price for 2 NEW COTTAGES of £435,000 on 28th January 2019. For the value to have increased from £435,000 to £523,244 over the five years and seven months to June 2025, the following assumptions must hold true:

• The value of 2 NEW COTTAGES has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The January 2019 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NEW COTTAGES has not materially changed since January 2019.

How Large is 2 NEW COTTAGES?

2 NEW COTTAGES is 76m², which includes one extension, according to the EPC inspection conducted in January 2010. 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 NEW COTTAGES lies on this distribution: 2% of terraced houses houses are smaller than 2 NEW COTTAGES, and 98% of houses are larger. Note that EPC data is not available for all properties in Reigate.

2 NEW COTTAGES: Plot and Title Map

2 NEW COTTAGES sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 2 NEW COTTAGES, 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 NEW COTTAGES). 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 NEW COTTAGES?

2 NEW COTTAGES is located on REIGATE HILL in REIGATE, in the RH2 postcode district. The below map shows the position of 2 NEW COTTAGES on REIGATE HILL.