2, PARK LANE EAST, REIGATE, RH2 8HN - £490,000

2 PARK LANE EAST is a large extended detached house of 180m², built sometime between 1950 and 1966. It was last sold for £490,000 in May 2013, which was around 6% below the average May 2013 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was C.

2 PARK LANE EAST Sold Prices

Land registry data shows three sales for 2 PARK LANE EAST 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. The three 2 PARK LANE EAST sales were a mix of below the average price, and roughly equal to 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
2013 17 MAY	£490,000	£523,176	6% below HPI
2009 5 JUN	£422,000	£423,710	Close to HPI
1997 5 DEC	£165,000	£191,597	14% below HPI

2 PARK LANE EAST 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 PARK LANE EAST sales between December 1997 and May 2013 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 June 2009 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2013 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 2 PARK LANE EAST?

2 PARK LANE EAST is 180m², which includes three extensions, according to the EPC inspection conducted in April 2022. This puts it in the largest 40% 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 PARK LANE EAST lies on this distribution: 60% of detached houses are smaller than 2 PARK LANE EAST, and 39% of houses are larger. Note that EPC data is not available for all properties in Reigate.

2 PARK LANE EAST: Plot and Title Map

2 PARK LANE EAST sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 2 PARK LANE EAST, 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 PARK LANE EAST). 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 PARK LANE EAST?

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