1, BRIAR COTTAGES, 7A, SMITHY LANE, LOWER KINGSWOOD, TADWORTH, KT20 6TZ - £550,000

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.

1 BRIAR COTTAGES is a small detached house of 120m², built sometime between 1950 and 1966, which could now be worth an estimated £630,091. It was last sold for £550,000 in January 2020, which was around 30% below the average January 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

1 BRIAR COTTAGES Sold Prices

Land registry data shows two sales for 1 BRIAR COTTAGES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 1 BRIAR COTTAGES 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
2020 10 JAN	£550,000	£784,396	30% below HPI
2015 12 JUN	£570,000	£693,623	18% below HPI

1 BRIAR COTTAGES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two 1 BRIAR COTTAGES sales from June 2015 and January 2020 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 June 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2020 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 1 BRIAR COTTAGES be worth now?

1 BRIAR COTTAGES might now be worth an estimated £630,091.

This is based on house price inflation of 14.6%, between January 2020 and February 2025, 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 14.6% inflationary increase is applied to the most recent sale price for 1 BRIAR COTTAGES of £550,000 on 10th January 2020. For the value to have increased from £550,000 to £630,091 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 BRIAR COTTAGES has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The January 2020 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BRIAR COTTAGES has not materially changed since January 2020.

How Large is 1 BRIAR COTTAGES?

1 BRIAR COTTAGES is 120m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of detached houses houses in Lower Kingswood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lower Kingswood, and where 1 BRIAR COTTAGES lies on this distribution: 39% of detached houses houses are smaller than 1 BRIAR COTTAGES, and 60% of houses are larger. Note that EPC data is not available for all properties in Lower Kingswood.

1 BRIAR COTTAGES: Plot and Title Map

1 BRIAR COTTAGES sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 1 BRIAR COTTAGES, 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 1 BRIAR COTTAGES). 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 1 BRIAR COTTAGES?

1, BRIAR COTTAGES is located on SMITHY LANE in LOWER KINGSWOOD, in the KT20 postcode district. The below map shows the position of 1, BRIAR COTTAGES on SMITHY LANE.