31, THE DRIVE, BANSTEAD, SM7 1DQ - £990,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

31 THE DRIVE is a very large extended detached house of 212m², built sometime between 1967 and 1975. It was last sold for £990,000 in October 2017, which was around 29% above the average October 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

31 THE DRIVE Sold Prices

Land registry data shows two sales for 31 THE DRIVE 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. Both of the two 31 THE DRIVE 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
2017 5 OCT	£990,000	£764,858	29% above HPI
2004 8 JAN	£493,000	£389,979	26% above HPI

31 THE 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 two 31 THE DRIVE sales from January 2004 and October 2017 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 January 2004 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the October 2017 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 31 THE DRIVE?

31 THE DRIVE is 212m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 20% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 31 THE DRIVE lies on this distribution: 89% of detached houses are smaller than 31 THE DRIVE, and 11% of houses are larger. Note that EPC data is not available for all properties in Nork.

31 THE DRIVE: Plot and Title Map

31 THE DRIVE sits on a plot of roughly 0.288 of an acre, or 1,165m². The below map shows the location of 31 THE 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 31 THE 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 31 THE DRIVE?

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