2, GREAT ELLSHAMS, BANSTEAD, SM7 2BA - £480,000

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 GREAT ELLSHAMS is a midsized extended detached house of 135m², built sometime between 1976 and 1982, which could now be worth an estimated £760,597. It was last sold for £480,000 in December 2013, which was around 15% below the average December 2013 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

2 GREAT ELLSHAMS Sold Prices

Land registry data shows three sales for 2 GREAT ELLSHAMS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Two of the three 2 GREAT ELLSHAMS sales were for below the average price, whilst one was 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
2013 9 DEC	£480,000	£567,104	15% below HPI
2012 5 MAR	£447,500	£524,848	15% below HPI
2001 19 OCT	£356,000	£337,900	5% above HPI

2 GREAT ELLSHAMS 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 three 2 GREAT ELLSHAMS sales between October 2001 and December 2013 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 March 2012 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2013 sale, which was also at 15% below the HPI.

What might 2 GREAT ELLSHAMS be worth now?

2 GREAT ELLSHAMS might now be worth an estimated £760,597.

This is based on house price inflation of 58.5%, between December 2013 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 58.5% inflationary increase is applied to the most recent sale price for 2 GREAT ELLSHAMS of £480,000 on 9th December 2013. For the value to have increased from £480,000 to £760,597 over the twelve years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 GREAT ELLSHAMS has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The December 2013 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GREAT ELLSHAMS has not materially changed since December 2013.

How Large is 2 GREAT ELLSHAMS?

2 GREAT ELLSHAMS is 135m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the smallest 50% of detached houses houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banstead, and where 2 GREAT ELLSHAMS lies on this distribution: 41% of detached houses houses are smaller than 2 GREAT ELLSHAMS, and 58% of houses are larger. Note that EPC data is not available for all properties in Banstead.

2 GREAT ELLSHAMS: Plot and Title Map

2 GREAT ELLSHAMS sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 2 GREAT ELLSHAMS, 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 GREAT ELLSHAMS). 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 GREAT ELLSHAMS?

2 GREAT ELLSHAMS is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 2 on GREAT ELLSHAMS.