FLAT 2, UNDERCROFT, 21, RAGLAN ROAD, REIGATE, RH2 0DR - £360,000

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 UNDERCROFT is a very large flat of 92m², built sometime before 1900, which could now be worth an estimated £402,562. It was last sold for £360,000 in December 2015, which was around 49% above the average December 2015 flat price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

FLAT 2 UNDERCROFT Sold Prices

Land registry data shows six sales for FLAT 2 UNDERCROFT since 1^st January 1995. The below table shows the price paid for the six sales, along with the average flat price in the Reigate and Banstead local authority area for the corresponding sale date. The six FLAT 2 UNDERCROFT sales were a mix of above the average price, and roughly equal to 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
2015 10 DEC	£360,000	£241,162	49% above HPI
2008 30 APR	£233,500	£199,128	17% above HPI
2005 29 JUL	£210,000	£174,197	21% above HPI
2005 29 JUL	£210,000	£174,197	21% above HPI
2000 3 NOV	£135,000	£102,462	32% above HPI
1996 30 APR	£54,000	£54,072	Close to HPI

What might FLAT 2 UNDERCROFT be worth now?

FLAT 2 UNDERCROFT might now be worth an estimated £402,562.

This is based on house price inflation of 11.8%, between December 2015 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 11.8% inflationary increase is applied to the most recent sale price for FLAT 2 UNDERCROFT of £360,000 on 10th December 2015. For the value to have increased from £360,000 to £402,562 over the eleven years and seven months to May 2026, the following assumptions must hold true:

• The value of FLAT 2 UNDERCROFT has moved in line with the HPI for flats in the Reigate and Banstead local authority area.
• The December 2015 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 2 UNDERCROFT has not materially changed since December 2015.

How Large is FLAT 2 UNDERCROFT?

FLAT 2 UNDERCROFT is 92m² according to the EPC inspection conducted in January 2013. This puts it in the largest 20% of flats in Reigate, based on EPC data. 87% of flats are smaller than FLAT 2 UNDERCROFT, and 12% of flats are larger. Note that EPC data is not available for all properties in Reigate.

FLAT 2 UNDERCROFT: Plot

FLAT 2 UNDERCROFT sits on a plot of roughly 0.711 of an acre, or 2,878m².

Where is FLAT 2 UNDERCROFT?

FLAT 2, UNDERCROFT is located on RAGLAN ROAD in REIGATE, in the RH2 postcode district.