2, NORTH ACRE, BANSTEAD, SM7 2EG - £490,000

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 NORTH ACRE is a midsized extended detached house of 143m², built sometime between 1967 and 1975. It was last sold for £490,000 in January 2012, which was around 3% below the average January 2012 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2010, where the current energy rating was C, and the potential energy rating was C.

2 NORTH ACRE Sold Prices

Land registry data shows three sales for 2 NORTH ACRE 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. All of the three 2 NORTH ACRE 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
2012 12 JAN	£490,000	£503,130	3% below HPI
2006 23 JUN	£339,000	£424,879	20% below HPI
2003 8 AUG	£249,995	£401,485	38% below HPI

2 NORTH ACRE 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 NORTH ACRE sales between August 2003 and January 2012 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 June 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2012 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 2 NORTH ACRE?

2 NORTH ACRE is 143m², which includes two extensions, according to the EPC inspection conducted in July 2010. This puts it in the smallest 50% 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 NORTH ACRE lies on this distribution: 48% of detached houses are smaller than 2 NORTH ACRE, and 52% of houses are larger. Note that EPC data is not available for all properties in Banstead.

2 NORTH ACRE: Plot and Title Map

2 NORTH ACRE sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 2 NORTH ACRE, 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 NORTH ACRE). 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 NORTH ACRE?

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