8, RURAL WAY, REDHILL, RH1 4BT - £365,000

8 RURAL WAY is a small extended detached house of 106m², built sometime between 1930 and 1949. It was last sold for £365,000 in December 2009, which was around 22% below the average December 2009 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2009, where the current energy rating was E, and the potential energy rating was D.

8 RURAL WAY Sold Prices

Land registry data shows two sales for 8 RURAL 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 8 RURAL 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
2009 21 DEC	£365,000	£469,674	22% below HPI
2002 18 OCT	£305,000	£370,149	18% below HPI

8 RURAL 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 8 RURAL WAY sales from October 2002 and December 2009 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 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2009 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 8 RURAL WAY?

8 RURAL WAY is 106m², which includes one extension, according to the EPC inspection conducted in September 2009. This puts it in the smallest 40% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 8 RURAL WAY lies on this distribution: 30% of detached houses are smaller than 8 RURAL WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Redhill.

8 RURAL WAY: Plot and Title Map

8 RURAL WAY sits on a plot of roughly 0.162 of an acre, or 657m². The below map shows the location of 8 RURAL 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 8 RURAL 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 8 RURAL WAY?

8 RURAL WAY is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 8 on RURAL WAY.