2, LAVENDER CLOSE, REDHILL, RH1 5LP - £295,000

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.

2 LAVENDER CLOSE is a very small semi-detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £407,583. It was last sold for £295,000 in June 2015, which was around 25% below the average June 2015 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

2 LAVENDER CLOSE Sold Prices

Land registry data shows one sale for 2 LAVENDER CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 19 JUN	£295,000	£392,483	25% below HPI

What might 2 LAVENDER CLOSE be worth now?

2 LAVENDER CLOSE might now be worth an estimated £407,583.

This is based on house price inflation of 38.2%, between June 2015 and May 2026, for semi-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 38.2% inflationary increase is applied to the most recent sale price for 2 LAVENDER CLOSE of £295,000 on 19th June 2015. For the value to have increased from £295,000 to £407,583 over the eleven years and one month to May 2026, the following assumptions must hold true:

• The value of 2 LAVENDER CLOSE has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The June 2015 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAVENDER CLOSE has not materially changed since June 2015.

How Large is 2 LAVENDER CLOSE?

2 LAVENDER CLOSE is 74m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of semi-detached houses in Redhill, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Redhill, and where 2 LAVENDER CLOSE lies on this distribution: 15% of semi-detached houses are smaller than 2 LAVENDER CLOSE, and 83% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redhill.

2 LAVENDER CLOSE: Plot

2 LAVENDER CLOSE sits on a plot of roughly 0.095 of an acre, or 384m².

Where is 2 LAVENDER CLOSE?

2 LAVENDER CLOSE is located in REDHILL, in the RH1 postcode district.