LOWER FLAT, 6, NUTLEY LANE, REIGATE, RH2 9HS - £40,000

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.

LOWER FLAT is a very small extended detached house of 47m², built sometime before 1900, which could now be worth an estimated £185,675. It was last sold for £40,000 in March 1998, which was around 80% below the average March 1998 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was D.

LOWER FLAT Sold Prices

Land registry data shows one sale for LOWER FLAT since 1^st January 1995. The below table shows the price paid for the one sale, along with the average 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
1998 25 MAR	£40,000	£198,416	80% below HPI

What might LOWER FLAT be worth now?

LOWER FLAT might now be worth an estimated £185,675.

This is based on house price inflation of 364.2%, between March 1998 and May 2026, 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 364.2% inflationary increase is applied to the most recent sale price for LOWER FLAT of £40,000 on 25th March 1998. For the value to have increased from £40,000 to £185,675 over the 27 years and ten months to May 2026, the following assumptions must hold true:

• The value of LOWER FLAT has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The March 1998 sale price of £40,000 represented a fair market value for the property.
• The size, condition, and specification of LOWER FLAT has not materially changed since March 1998.

How Large is LOWER FLAT?

LOWER FLAT is 47m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 10% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where LOWER FLAT lies on this distribution: Less than 1% of detached houses are smaller than LOWER FLAT, and more than 99% of detached houses are larger. Note that EPC data is not available for all properties in Reigate.

LOWER FLAT: Plot

LOWER FLAT sits on a plot of roughly 0.062 of an acre, or 251m².