21, SYLVAN WAY, REDHILL, RH1 4DE - £420,000

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.

21 SYLVAN WAY is a very small terraced house of 68m², built sometime between 1930 and 1949, which could now be worth an estimated £496,656. It was last sold for £420,000 in August 2019, which was around 16% above the average August 2019 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was C.

21 SYLVAN WAY Sold Prices

Land registry data shows two sales for 21 SYLVAN WAY 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 21 SYLVAN WAY 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 1 AUG	£420,000	£363,626	16% above HPI
2018 4 MAY	£375,000	£359,912	4% above HPI

21 SYLVAN WAY 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 21 SYLVAN WAY sales from May 2018 and August 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 May 2018 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2019 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 21 SYLVAN WAY be worth now?

21 SYLVAN WAY might now be worth an estimated £496,656.

This is based on house price inflation of 18.3%, between August 2019 and May 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 18.3% inflationary increase is applied to the most recent sale price for 21 SYLVAN WAY of £420,000 on 1st August 2019. For the value to have increased from £420,000 to £496,656 over the seven years and three months to May 2026, the following assumptions must hold true:

• The value of 21 SYLVAN WAY has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The August 2019 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 21 SYLVAN WAY has not materially changed since August 2019.

How Large is 21 SYLVAN WAY?

21 SYLVAN WAY is 68m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 10% of terraced houses houses in Redhill, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Redhill, and where 21 SYLVAN WAY lies on this distribution: 3% of terraced houses houses are smaller than 21 SYLVAN WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Redhill.

21 SYLVAN WAY: Plot and Title Map

21 SYLVAN WAY sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 21 SYLVAN WAY, 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 21 SYLVAN WAY). 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 21 SYLVAN WAY?

21 SYLVAN WAY is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 21 on SYLVAN WAY.