42, PRINCES ROAD, REDHILL, RH1 6JQ - £325,000

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.

42 PRINCES ROAD is a very small terraced house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £366,568. It was last sold for £325,000 in June 2021, which was around 15% below the average June 2021 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

42 PRINCES ROAD Sold Prices

Land registry data shows three sales for 42 PRINCES ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 42 PRINCES ROAD 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
2021 21 JUN	£325,000	£383,306	15% below HPI
2014 19 DEC	£237,500	£306,470	23% below HPI
2006 4 JUL	£150,000	£215,616	30% below HPI

42 PRINCES ROAD 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 three 42 PRINCES ROAD sales between July 2006 and June 2021 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 December 2014 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 42 PRINCES ROAD be worth now?

42 PRINCES ROAD might now be worth an estimated £366,568.

This is based on house price inflation of 12.8%, between June 2021 and June 2025, 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 12.8% inflationary increase is applied to the most recent sale price for 42 PRINCES ROAD of £325,000 on 21st June 2021. For the value to have increased from £325,000 to £366,568 over the four years to June 2025, the following assumptions must hold true:

• The value of 42 PRINCES ROAD has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The June 2021 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 42 PRINCES ROAD has not materially changed since June 2021.

How Large is 42 PRINCES ROAD?

42 PRINCES ROAD is 77m² according to the EPC inspection conducted in November 2020. 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 42 PRINCES ROAD lies on this distribution: 6% of terraced houses houses are smaller than 42 PRINCES ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Redhill.

42 PRINCES ROAD: Plot and Title Map

42 PRINCES ROAD sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 42 PRINCES ROAD, 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 42 PRINCES ROAD). 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 42 PRINCES ROAD?

42 PRINCES ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 42 on PRINCES ROAD.