3, SOUTH DRIVE, BANSTEAD, SM7 3BQ - £390,000

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

3 SOUTH DRIVE is a very small detached house of 68m², built sometime between 1900 and 1929. It was last sold for £390,000 in August 2012, which was around 25% below the average August 2012 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was D.

3 SOUTH DRIVE Sold Prices

Land registry data shows three sales for 3 SOUTH 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 3 SOUTH DRIVE 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 16 AUG	£390,000	£516,856	25% below HPI
2011 17 MAR	£350,000	£503,205	30% below HPI
2003 28 NOV	£350,000	£391,382	11% below HPI

3 SOUTH 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 3 SOUTH DRIVE sales between November 2003 and August 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 March 2011 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2012 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 3 SOUTH DRIVE?

3 SOUTH DRIVE is 68m² according to the EPC inspection conducted in December 2011. 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 3 SOUTH DRIVE lies on this distribution: 1% of detached houses are smaller than 3 SOUTH DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Banstead.

3 SOUTH DRIVE: Plot and Title Map

3 SOUTH DRIVE sits on a plot of roughly 0.241 of an acre, or 974m². The below map shows the location of 3 SOUTH 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 3 SOUTH 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 3 SOUTH DRIVE?

3 SOUTH DRIVE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 3 on SOUTH DRIVE.