WESTERLEA, ROCKFIELD ROAD, OXTED, RH8 0HA - £1,725,000

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.

WESTERLEA is a very large detached house of 511m², built sometime from 2007 onwards, which could now be worth an estimated £2,140,049. It was last sold for £1,725,000 in August 2015, which was around 150% above the average August 2015 detached price in the Tandridge local authority area. The most recent EPC inspection was June 2014, where the current energy rating was B, and the potential energy rating was B.

WESTERLEA Sold Prices

Land registry data shows three sales for WESTERLEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. All of the three WESTERLEA sales were for above 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 12 AUG	£1,725,000	£690,583	150% above HPI
2011 21 JAN	£685,000	£554,430	24% above HPI
2007 11 OCT	£647,500	£537,174	21% above HPI

WESTERLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tandridge local authority area over time, sourced from the HPI. The three WESTERLEA sales between October 2007 and August 2015 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 January 2011 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2015 sale, where it rises to 150% above the HPI. The line then continues to track at 150% above the HPI.

What might WESTERLEA be worth now?

WESTERLEA might now be worth an estimated £2,140,049.

This is based on house price inflation of 24.1%, between August 2015 and May 2026, for detached houses, in the Tandridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.1% inflationary increase is applied to the most recent sale price for WESTERLEA of £1,725,000 on 12th August 2015. For the value to have increased from £1,725,000 to £2,140,049 over the eleven years and three months to May 2026, the following assumptions must hold true:

• The value of WESTERLEA has moved in line with the HPI for detached houses in the Tandridge local authority area.
• The August 2015 sale price of £1,725,000 represented a fair market value for the property.
• The size, condition, and specification of WESTERLEA has not materially changed since August 2015.

How Large is WESTERLEA?

WESTERLEA is 511m² according to the EPC inspection conducted in June 2014. This puts it in the largest 10% of detached houses houses in Oxted, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oxted, and where WESTERLEA lies on this distribution: More than 99% of detached houses houses are smaller than WESTERLEA, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Oxted.

WESTERLEA: Plot and Title Map

WESTERLEA sits on a plot of roughly 0.472 of an acre, or 1,911m². The below map shows the location of WESTERLEA, 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 WESTERLEA). 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 WESTERLEA?

WESTERLEA is located on ROCKFIELD ROAD in OXTED, in the RH8 postcode district. The below map shows the position of WESTERLEA on ROCKFIELD ROAD.