43, SPENCER WAY, REDHILL, RH1 5LF - £455,000

43 SPENCER WAY is a very small extended detached house of 92m², built sometime between 1967 and 1975. It was last sold for £455,000 in December 2022, which was around 50% below the average December 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

43 SPENCER WAY Sold Prices

Land registry data shows three sales for 43 SPENCER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 43 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
2022 19 DEC	£455,000	£906,095	50% below HPI
2003 5 SEP	£205,000	£393,652	48% below HPI
2001 27 APR	£150,000	£297,975	50% below HPI

43 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 three 43 SPENCER WAY sales between April 2001 and December 2022 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 September 2003 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the December 2022 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 43 SPENCER WAY?

43 SPENCER WAY is 92m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 43 SPENCER WAY lies on this distribution: 18% of detached houses are smaller than 43 SPENCER WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Redhill.

43 SPENCER WAY: Plot and Title Map

43 SPENCER WAY sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 43 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 43 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 43 SPENCER WAY?

43 SPENCER WAY is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 43 on SPENCER WAY.