24, GARRATTS LANE, BANSTEAD, SM7 2EA - £967,500

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.

24 GARRATTS LANE is a midsized detached house of 143m², built sometime between 1950 and 1966, which could now be worth an estimated £914,501. It was last sold for £967,500 in December 2022, which was around 2% above the average December 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

24 GARRATTS LANE Sold Prices

Land registry data shows three sales for 24 GARRATTS LANE 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. The three 24 GARRATTS LANE sales were a mix of above the average price, roughly equal to the average price, and 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
2022 12 DEC	£967,500	£950,699	2% above HPI
2022 31 OCT	£957,705	£958,137	Close to HPI
1999 24 SEP	£215,000	£247,061	13% below HPI

24 GARRATTS LANE 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 24 GARRATTS LANE sales between September 1999 and December 2022 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 October 2022 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 24 GARRATTS LANE be worth now?

24 GARRATTS LANE might now be worth an estimated £914,501.

This is based on house price deflation of 5.5%, between December 2022 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 5.5% deflationary decrease is applied to the most recent sale price for 24 GARRATTS LANE of £967,500 on 12th December 2022. For the value to have decreased from £967,500 to £914,501 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 24 GARRATTS LANE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The December 2022 sale price of £967,500 represented a fair market value for the property.
• The size, condition, and specification of 24 GARRATTS LANE has not materially changed since December 2022.

How Large is 24 GARRATTS LANE?

24 GARRATTS LANE is 143m² according to the EPC inspection conducted in February 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 24 GARRATTS LANE lies on this distribution: 48% of detached houses houses are smaller than 24 GARRATTS LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Banstead.

24 GARRATTS LANE: Plot and Title Map

24 GARRATTS LANE sits on a plot of roughly 0.217 of an acre, or 880m². The below map shows the location of 24 GARRATTS 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 24 GARRATTS 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 24 GARRATTS LANE?

24 GARRATTS LANE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 24 on GARRATTS LANE.