34, PRICES LANE, REIGATE, RH2 8AX - £630,000

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.

34 PRICES LANE is a midsized extended semi-detached house of 104m², built sometime between 1930 and 1949, which could now be worth an estimated £741,227. It was last sold for £630,000 in July 2018, which was around 37% above the average July 2018 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.

34 PRICES LANE Sold Prices

Land registry data shows two sales for 34 PRICES LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 34 PRICES LANE 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
2018 3 JUL	£630,000	£460,897	37% above HPI
2011 10 JUN	£305,000	£288,629	6% above HPI

34 PRICES LANE 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 two 34 PRICES LANE sales from June 2011 and July 2018 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 2011 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2018 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 34 PRICES LANE be worth now?

34 PRICES LANE might now be worth an estimated £741,227.

This is based on house price inflation of 17.7%, between July 2018 and May 2026, for semi-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 17.7% inflationary increase is applied to the most recent sale price for 34 PRICES LANE of £630,000 on 3rd July 2018. For the value to have increased from £630,000 to £741,227 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of 34 PRICES LANE has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The July 2018 sale price of £630,000 represented a fair market value for the property.
• The size, condition, and specification of 34 PRICES LANE has not materially changed since July 2018.

How Large is 34 PRICES LANE?

34 PRICES LANE is 104m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the largest 50% of semi-detached houses in Reigate, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Reigate, and where 34 PRICES LANE lies on this distribution: 53% of semi-detached houses are smaller than 34 PRICES LANE, and 45% of semi-detached houses are larger. Note that EPC data is not available for all properties in Reigate.