2, LAMBERT ROAD, BANSTEAD, SM7 2QX - £480,000

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

2 LAMBERT ROAD is a very small extended detached house of 86m², built sometime between 1930 and 1949. It was last sold for £480,000 in February 2020, which was around 36% below the average February 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

2 LAMBERT ROAD Sold Prices

Land registry data shows two sales for 2 LAMBERT ROAD 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 2 LAMBERT ROAD 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 27 FEB	£480,000	£747,262	36% below HPI
2006 2 AUG	£330,000	£437,262	25% below HPI

2 LAMBERT ROAD 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 2 LAMBERT ROAD sales from August 2006 and February 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 August 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 LAMBERT ROAD?

2 LAMBERT ROAD is 86m², which includes one extension, according to the EPC inspection conducted in January 2019. 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 2 LAMBERT ROAD lies on this distribution: 7% of detached houses are smaller than 2 LAMBERT ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Banstead.

2 LAMBERT ROAD: Plot and Title Map

2 LAMBERT ROAD sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 2 LAMBERT ROAD, 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 LAMBERT ROAD). 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 LAMBERT ROAD?

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