34, THE DRIVE, BANSTEAD, SM7 1DG - £835,000

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

34 THE DRIVE is a large extended detached house of 159m², built sometime between 1900 and 1929. It was last sold for £835,000 in December 2021, which was about the average December 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

34 THE DRIVE Sold Prices

Land registry data shows two sales for 34 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. One of the two 34 THE DRIVE sales was roughly equal to 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
2021 10 DEC	£835,000	£833,277	Close to HPI
2013 22 APR	£495,000	£519,225	5% below HPI

34 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 34 THE DRIVE sales from April 2013 and December 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 April 2013 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 34 THE DRIVE?

34 THE DRIVE is 159m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 40% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 34 THE DRIVE lies on this distribution: 61% of detached houses are smaller than 34 THE DRIVE, and 39% of houses are larger. Note that EPC data is not available for all properties in Nork.

34 THE DRIVE: Plot and Title Map

34 THE DRIVE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 34 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 34 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 34 THE DRIVE?

34 THE DRIVE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 34 on THE DRIVE.