3, THE DRIFTWAY, BANSTEAD, SM7 1LX - £565,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 THE DRIFTWAY is a small extended semi-detached house of 122m², built sometime between 1967 and 1975, which could now be worth an estimated £623,377. It was last sold for £565,000 in December 2020, which was around 18% above the average December 2020 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was C.

3 THE DRIFTWAY Sold Prices

Land registry data shows two sales for 3 THE DRIFTWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 3 THE DRIFTWAY 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
2020 17 DEC	£565,000	£479,359	18% above HPI
2008 12 MAR	£412,500	£298,269	38% above HPI

3 THE DRIFTWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two 3 THE DRIFTWAY sales from March 2008 and December 2020 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 2008 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the December 2020 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 3 THE DRIFTWAY be worth now?

3 THE DRIFTWAY might now be worth an estimated £623,377.

This is based on house price inflation of 10.3%, between December 2020 and February 2025, for semi-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 10.3% inflationary increase is applied to the most recent sale price for 3 THE DRIFTWAY of £565,000 on 17th December 2020. For the value to have increased from £565,000 to £623,377 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 THE DRIFTWAY has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The December 2020 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE DRIFTWAY has not materially changed since December 2020.

How Large is 3 THE DRIFTWAY?

3 THE DRIFTWAY is 122m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of semi-detached houses houses in Nork, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Nork, and where 3 THE DRIFTWAY lies on this distribution: 24% of semi-detached houses houses are smaller than 3 THE DRIFTWAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Nork.

3 THE DRIFTWAY: Plot and Title Map

3 THE DRIFTWAY sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 3 THE DRIFTWAY, 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 THE DRIFTWAY). 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 THE DRIFTWAY?

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