40, ORCHARD WAY, REIGATE, RH2 8DT - £300,000

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.

40 ORCHARD WAY is a very small extended semi-detached house of 79m², built sometime between 1930 and 1949, which could now be worth an estimated £516,192. It was last sold for £300,000 in February 2013, which was around 2% below the average February 2013 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2012, where the current energy rating was E, and the potential energy rating was B.

40 ORCHARD WAY Sold Prices

Land registry data shows four sales for 40 ORCHARD WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 40 ORCHARD 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
2013 28 FEB	£300,000	£307,378	2% below HPI
2004 26 OCT	£239,000	£250,276	5% below HPI
1999 1 OCT	£134,500	£135,344	1% below HPI
1996 28 OCT	£83,500	£87,242	4% below HPI

40 ORCHARD WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The four 40 ORCHARD WAY sales between October 1996 and February 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 October 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2013 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 40 ORCHARD WAY be worth now?

40 ORCHARD WAY might now be worth an estimated £516,192.

This is based on house price inflation of 72.1%, between February 2013 and February 2025, 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 72.1% inflationary increase is applied to the most recent sale price for 40 ORCHARD WAY of £300,000 on 28th February 2013. For the value to have increased from £300,000 to £516,192 over the twelve years to February 2025, the following assumptions must hold true:

• The value of 40 ORCHARD WAY has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The February 2013 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 40 ORCHARD WAY has not materially changed since February 2013.

How Large is 40 ORCHARD WAY?

40 ORCHARD WAY is 79m², which includes one extension, according to the EPC inspection conducted in December 2012. This puts it in the smallest 10% of semi-detached houses houses in Reigate, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Reigate, and where 40 ORCHARD WAY lies on this distribution: 3% of semi-detached houses houses are smaller than 40 ORCHARD WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Reigate.

40 ORCHARD WAY: Plot and Title Map

40 ORCHARD WAY sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 40 ORCHARD 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 40 ORCHARD 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 40 ORCHARD WAY?

40 ORCHARD WAY is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 40 on ORCHARD WAY.