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

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.

3 SOUTH DRIVE is a very small detached house of 68m², built sometime between 1900 and 1929, which could now be worth an estimated £646,475. It was last sold for £390,000 in August 2012, which was around 28% 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	£542,112	28% below HPI
2011 17 MAR	£350,000	£527,794	34% below HPI
2003 28 NOV	£350,000	£410,507	15% 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 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2012 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 3 SOUTH DRIVE be worth now?

3 SOUTH DRIVE might now be worth an estimated £646,475.

This is based on house price inflation of 65.8%, between August 2012 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 65.8% inflationary increase is applied to the most recent sale price for 3 SOUTH DRIVE of £390,000 on 16th August 2012. For the value to have increased from £390,000 to £646,475 over the thirteen years and six months to February 2025, the following assumptions must hold true:

• The value of 3 SOUTH DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The August 2012 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SOUTH DRIVE has not materially changed since August 2012.

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 houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banstead, and where 3 SOUTH DRIVE lies on this distribution: 1% of detached houses 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.