23, THE DRIVE, BANSTEAD, SM7 1DF - £1,270,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

23 THE DRIVE is a very large extended detached house of 255m², built sometime between 1950 and 1966. It was last sold for £1,270,000 in June 2023, which was around 45% above the average June 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was C.

23 THE DRIVE Sold Prices

Land registry data shows three sales for 23 THE DRIVE 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 23 THE DRIVE sales were 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
2023 16 JUN	£1,270,000	£873,266	45% above HPI
2004 15 JAN	£472,500	£389,979	21% above HPI
2000 28 MAR	£387,000	£261,946	48% above HPI

23 THE DRIVE 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 23 THE DRIVE sales between March 2000 and June 2023 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 January 2004 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the June 2023 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 23 THE DRIVE?

23 THE DRIVE is 255m², which includes four extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 10% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 23 THE DRIVE lies on this distribution: 96% of detached houses are smaller than 23 THE DRIVE, and 4% of houses are larger. Note that EPC data is not available for all properties in Nork.

23 THE DRIVE: Plot and Title Map

23 THE DRIVE sits on a plot of roughly 0.158 of an acre, or 641m². The below map shows the location of 23 THE DRIVE, 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 23 THE DRIVE). 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 23 THE DRIVE?

23 THE DRIVE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 23 on THE DRIVE.