31, GARRATTS LANE, BANSTEAD, SM7 2EA - £1,057,000

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

31 GARRATTS LANE is a very large extended detached house of 197m², built sometime between 1930 and 1949. It was last sold for £1,057,000 in January 2022, which was around 26% above the average January 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

31 GARRATTS LANE Sold Prices

Land registry data shows two sales for 31 GARRATTS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. One of the two 31 GARRATTS LANE sales was for above the average price, whilst the other was 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
2022 28 JAN	£1,057,000	£837,097	26% above HPI
2013 4 DEC	£500,000	£540,683	8% below HPI

31 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 two 31 GARRATTS LANE sales from December 2013 and January 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 December 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2022 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 31 GARRATTS LANE?

31 GARRATTS LANE is 197m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 20% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where 31 GARRATTS LANE lies on this distribution: 82% of detached houses are smaller than 31 GARRATTS LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Banstead.

31 GARRATTS LANE: Plot and Title Map

31 GARRATTS LANE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 31 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 31 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 31 GARRATTS LANE?

31 GARRATTS LANE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 31 on GARRATTS LANE.