FLAT 2, 4, RIDGEWAY ROAD, REDHILL, RH1 6PH - £130,000

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.

FLAT 2 4 RIDGEWAY ROAD is a very small flat of 38m², built sometime before 1900, which could now be worth an estimated £202,371. It was last sold for £130,000 in May 2006, which was around 25% below the average May 2006 flat price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was C.

FLAT 2 4 RIDGEWAY ROAD Sold Prices

Land registry data shows two sales for FLAT 2 4 RIDGEWAY ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two FLAT 2 4 RIDGEWAY ROAD 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
2006 26 MAY	£130,000	£173,234	25% below HPI
1997 22 AUG	£44,000	£63,137	30% below HPI

What might FLAT 2 4 RIDGEWAY ROAD be worth now?

FLAT 2 4 RIDGEWAY ROAD might now be worth an estimated £202,371.

This is based on house price inflation of 55.7%, between May 2006 and May 2026, for flats, 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 55.7% inflationary increase is applied to the most recent sale price for FLAT 2 4 RIDGEWAY ROAD of £130,000 on 26th May 2006. For the value to have increased from £130,000 to £202,371 over the twenty years to May 2026, the following assumptions must hold true:

• The value of FLAT 2 4 RIDGEWAY ROAD has moved in line with the HPI for flats in the Reigate and Banstead local authority area.
• The May 2006 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 2 4 RIDGEWAY ROAD has not materially changed since May 2006.

How Large is FLAT 2 4 RIDGEWAY ROAD?

FLAT 2 4 RIDGEWAY ROAD is 38m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% of flats in Redhill, based on EPC data. 7% of flats are smaller than FLAT 2 4 RIDGEWAY ROAD, and 91% of flats are larger. Note that EPC data is not available for all properties in Redhill.

FLAT 2 4 RIDGEWAY ROAD: Plot

FLAT 2 4 RIDGEWAY ROAD sits on a plot of roughly 0.094 of an acre, or 381m².

Where is FLAT 2 4 RIDGEWAY ROAD?

FLAT 2, 4 RIDGEWAY ROAD is located in REDHILL, in the RH1 postcode district.