GREENMEAD COTTAGE, SOMERSET ROAD, REDHILL, RH1 6LS - £835,000

GREENMEAD COTTAGE is a midsized extended detached house of 119m², built sometime before 1900. It was last sold for £835,000 in November 2019, which was around 10% above the average November 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was E.

GREENMEAD COTTAGE Sold Prices

Land registry data shows five sales for GREENMEAD COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Most of the five GREENMEAD COTTAGE 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
2019 8 NOV	£835,000	£757,331	10% above HPI
2013 15 NOV	£625,000	£548,482	14% above HPI
2011 5 SEP	£630,000	£510,670	23% above HPI
2007 17 DEC	£590,000	£509,766	16% above HPI
1995 12 APR	£143,500	£144,778	1% below HPI

GREENMEAD COTTAGE 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 five GREENMEAD COTTAGE sales between April 1995 and November 2019 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 November 2013 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the November 2019 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is GREENMEAD COTTAGE?

GREENMEAD COTTAGE is 119m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the smallest 50% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where GREENMEAD COTTAGE lies on this distribution: 44% of detached houses are smaller than GREENMEAD COTTAGE, and 56% of houses are larger. Note that EPC data is not available for all properties in Redhill.

GREENMEAD COTTAGE: Plot and Title Map

GREENMEAD COTTAGE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of GREENMEAD COTTAGE, 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 GREENMEAD COTTAGE). 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 GREENMEAD COTTAGE?

GREENMEAD COTTAGE is located on SOMERSET ROAD in REDHILL, in the RH1 postcode district. The below map shows the position of GREENMEAD COTTAGE on SOMERSET ROAD.