1, SOUTH DRIVE, BANSTEAD, SM7 3BQ - £865,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 SOUTH DRIVE is a small extended detached house of 132m², built sometime between 1930 and 1949. It was last sold for £865,000 in November 2021, which was around 4% above the average November 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

1 SOUTH DRIVE Sold Prices

Land registry data shows two sales for 1 SOUTH DRIVE 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. One of the two 1 SOUTH DRIVE sales was for above the average price, whilst the other was 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
2021 18 NOV	£865,000	£832,565	4% above HPI
2017 24 NOV	£525,000	£759,903	31% below HPI

1 SOUTH DRIVE 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 SOUTH DRIVE sales from November 2017 and November 2021 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 November 2017 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2021 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 1 SOUTH DRIVE?

1 SOUTH DRIVE is 132m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the smallest 40% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where 1 SOUTH DRIVE lies on this distribution: 38% of detached houses are smaller than 1 SOUTH DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Banstead.

1 SOUTH DRIVE: Plot and Title Map

1 SOUTH DRIVE sits on a plot of roughly 0.234 of an acre, or 948m². The below map shows the location of 1 SOUTH DRIVE, 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 SOUTH DRIVE). 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 SOUTH DRIVE?

1 SOUTH DRIVE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 1 on SOUTH DRIVE.