35, SPENCER WAY, REDHILL, RH1 5LF - £450,000

35 SPENCER WAY is a small extended detached house of 105m², built sometime between 1976 and 1982. It was last sold for £450,000 in July 2017, which was around 40% below the average July 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

35 SPENCER WAY Sold Prices

Land registry data shows two sales for 35 SPENCER WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 35 SPENCER WAY sales were for below 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
2017 24 JUL	£450,000	£747,504	40% below HPI
2007 15 MAR	£286,000	£462,538	38% below HPI

35 SPENCER WAY 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 35 SPENCER WAY sales from March 2007 and July 2017 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 2007 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the July 2017 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 35 SPENCER WAY?

35 SPENCER WAY is 105m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the smallest 30% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 35 SPENCER WAY lies on this distribution: 30% of detached houses are smaller than 35 SPENCER WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Redhill.

35 SPENCER WAY: Plot and Title Map

35 SPENCER WAY sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 35 SPENCER 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 35 SPENCER 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 35 SPENCER WAY?

35 SPENCER WAY is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 35 on SPENCER WAY.