2, CANONS LANE, BURGH HEATH, TADWORTH, KT20 6DP - £370,000

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.

2 CANONS LANE is a very small extended semi-detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £411,710. It was last sold for £370,000 in October 2020, which was around 22% below the average October 2020 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was C.

2 CANONS LANE Sold Prices

Land registry data shows three sales for 2 CANONS LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 2 CANONS LANE 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 9 OCT	£370,000	£475,306	22% below HPI
1999 29 JUL	£120,000	£126,153	5% below HPI
1997 27 JUN	£85,000	£96,868	12% below HPI

2 CANONS LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The three 2 CANONS LANE sales between June 1997 and October 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 July 1999 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 CANONS LANE be worth now?

2 CANONS LANE might now be worth an estimated £411,710.

This is based on house price inflation of 11.3%, between October 2020 and February 2025, for semi-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 11.3% inflationary increase is applied to the most recent sale price for 2 CANONS LANE of £370,000 on 9th October 2020. For the value to have increased from £370,000 to £411,710 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 CANONS LANE has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The October 2020 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CANONS LANE has not materially changed since October 2020.

How Large is 2 CANONS LANE?

2 CANONS LANE is 75m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% of semi-detached houses houses in Burgh Heath, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Burgh Heath, and where 2 CANONS LANE lies on this distribution: 3% of semi-detached houses houses are smaller than 2 CANONS LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Burgh Heath.

2 CANONS LANE: Plot and Title Map

2 CANONS LANE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 2 CANONS LANE, 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 2 CANONS LANE). 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 2 CANONS LANE?

2 CANONS LANE is located in BURGH HEATH, in the KT20 postcode district. The below map shows the position of No. 2 on CANONS LANE.