MYRTLE COTTAGE, HORLEY LODGE LANE, REDHILL, RH1 5EA - £950,000

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.

MYRTLE COTTAGE is a large detached house of 153m², built in 2021, which could now be worth an estimated £958,203. It was last sold for £950,000 in February 2024, which was around 7% above the average February 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2023, where the current energy rating was B, and the potential energy rating was A.

MYRTLE COTTAGE Sold Prices

Land registry data shows two sales for MYRTLE COTTAGE 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. One of the two MYRTLE COTTAGE sales was for above the average price, whilst the other was 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
2024 2 FEB	£950,000	£890,927	7% above HPI
2022 17 MAY	£200,000	£891,212	78% below HPI

MYRTLE 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 two MYRTLE COTTAGE sales from May 2022 and February 2024 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 May 2022 sale was for 78% below the HPI. So the extrapolation line tracks at 78% below the HPI over time, until the February 2024 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might MYRTLE COTTAGE be worth now?

MYRTLE COTTAGE might now be worth an estimated £958,203.

This is based on house price inflation of 0.9%, between February 2024 and February 2025, for detached 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 0.9% inflationary increase is applied to the most recent sale price for MYRTLE COTTAGE of £950,000 on 2nd February 2024. For the value to have increased from £950,000 to £958,203 over the one year to February 2025, the following assumptions must hold true:

• The value of MYRTLE COTTAGE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The February 2024 sale price of £950,000 represented a fair market value for the property.
• The size, condition, and specification of MYRTLE COTTAGE has not materially changed since February 2024.

How Large is MYRTLE COTTAGE?

MYRTLE COTTAGE is 153m² according to the EPC inspection conducted in October 2023. This puts it in the largest 40% of detached houses houses in Salfords, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salfords, and where MYRTLE COTTAGE lies on this distribution: 63% of detached houses houses are smaller than MYRTLE COTTAGE, and 37% of houses are larger. Note that EPC data is not available for all properties in Salfords.

MYRTLE COTTAGE: Plot and Title Map

MYRTLE COTTAGE sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of MYRTLE 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 MYRTLE 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 MYRTLE COTTAGE?

MYRTLE COTTAGE is located on HORLEY LODGE LANE in REDHILL, in the RH1 postcode district. The below map shows the position of MYRTLE COTTAGE on HORLEY LODGE LANE.