15, FAIRLAWN GROVE, BANSTEAD, SM7 3BN - £370,000

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

15 FAIRLAWN GROVE is a very small extended detached house of 70m², built sometime between 1930 and 1949. It was last sold for £370,000 in March 2014, which was around 36% below the average March 2014 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

15 FAIRLAWN GROVE Sold Prices

Land registry data shows two sales for 15 FAIRLAWN GROVE 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 15 FAIRLAWN GROVE 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
2014 31 MAR	£370,000	£578,603	36% below HPI
2003 17 OCT	£249,950	£395,936	37% below HPI

15 FAIRLAWN GROVE 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 15 FAIRLAWN GROVE sales from October 2003 and March 2014 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 October 2003 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2014 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 15 FAIRLAWN GROVE?

15 FAIRLAWN GROVE is 70m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where 15 FAIRLAWN GROVE lies on this distribution: 2% of detached houses are smaller than 15 FAIRLAWN GROVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Banstead.

15 FAIRLAWN GROVE: Plot and Title Map

15 FAIRLAWN GROVE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 15 FAIRLAWN GROVE, 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 15 FAIRLAWN GROVE). 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 15 FAIRLAWN GROVE?

15 FAIRLAWN GROVE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 15 on FAIRLAWN GROVE.