38, NORK WAY, BANSTEAD, SM7 1HW - £1,176,200

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

38 NORK WAY is a very large extended detached house of 271m², built sometime from 2007 onwards. It was last sold for £1,176,200 in March 2022, which was around 39% above the average March 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

38 NORK WAY Sold Prices

Land registry data shows three sales for 38 NORK WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Two of the three 38 NORK WAY sales were for above the average price, whilst one 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 4 MAR	£1,176,200	£844,554	39% above HPI
2006 13 FEB	£415,000	£423,491	2% below HPI
1996 5 FEB	£162,000	£143,547	13% above HPI

38 NORK WAY 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 three 38 NORK WAY sales between February 1996 and March 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 February 2006 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2022 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 38 NORK WAY?

38 NORK WAY is 271m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 10% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 38 NORK WAY lies on this distribution: 97% of detached houses are smaller than 38 NORK WAY, and 2% of houses are larger. Note that EPC data is not available for all properties in Nork.

38 NORK WAY: Plot and Title Map

38 NORK WAY sits on a plot of roughly 0.350 of an acre, or 1,416m². The below map shows the location of 38 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 38 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 38 NORK WAY?

38 NORK WAY is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 38 on NORK WAY.