31A, NORK WAY, BANSTEAD, SM7 1PB - £287,500

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

31A NORK WAY is a very small semi-detached house of 69m², built sometime between 1900 and 1929, which could now be worth an estimated £318,814. It was last sold for £287,500 in January 2021, which was around 40% below the average January 2021 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was D.

31A NORK WAY Sold Prices

Land registry data shows two sales for 31A NORK WAY 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 31A NORK WAY 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
2021 15 JAN	£287,500	£476,940	40% below HPI
2010 22 JUN	£220,000	£294,782	25% below HPI

31A NORK WAY 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 31A NORK WAY sales from June 2010 and January 2021 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 June 2010 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 31A NORK WAY be worth now?

31A NORK WAY might now be worth an estimated £318,814.

This is based on house price inflation of 10.9%, between January 2021 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 10.9% inflationary increase is applied to the most recent sale price for 31A NORK WAY of £287,500 on 15th January 2021. For the value to have increased from £287,500 to £318,814 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 31A NORK WAY has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The January 2021 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of 31A NORK WAY has not materially changed since January 2021.

How Large is 31A NORK WAY?

31A NORK WAY is 69m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 10% 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 31A NORK WAY lies on this distribution: 1% of semi-detached houses houses are smaller than 31A NORK WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Nork.

31A NORK WAY: Plot and Title Map

31A NORK WAY sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 31A NORK WAY, 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 31A NORK WAY). 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 31A NORK WAY?

31A NORK WAY is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 31A on NORK WAY.