48, PARK LANE, REIGATE, RH2 8JX - £1,250,000

48 PARK LANE is a midsized extended detached house of 155m², built sometime between 1930 and 1949. It was last sold for £1,250,000 in August 2018, which was around 61% above the average August 2018 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

48 PARK LANE Sold Prices

Land registry data shows two sales for 48 PARK LANE 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 48 PARK 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 2 AUG	£1,250,000	£774,595	61% above HPI
1995 24 APR	£230,000	£144,778	59% above HPI

48 PARK 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 48 PARK LANE sales from April 1995 and August 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 April 1995 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the August 2018 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is 48 PARK LANE?

48 PARK LANE is 155m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 48 PARK LANE lies on this distribution: 46% of detached houses are smaller than 48 PARK LANE, and 53% of houses are larger. Note that EPC data is not available for all properties in Reigate.

48 PARK LANE: Plot and Title Map

48 PARK LANE sits on a plot of roughly 0.458 of an acre, or 1,853m². The below map shows the location of 48 PARK LANE, 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 48 PARK LANE). 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 48 PARK LANE?

48 PARK LANE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 48 on PARK LANE.