38, WATER MEAD, CHIPSTEAD, COULSDON, CR5 3NU - £815,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

38 WATER MEAD is a large detached house of 176m², built sometime between 2003 and 2006, which could now be worth an estimated £942,507. It was last sold for £815,000 in May 2019, which was around 5% above the average May 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

38 WATER MEAD Sold Prices

Land registry data shows two sales for 38 WATER MEAD 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 38 WATER MEAD 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
2019 29 MAY	£815,000	£777,050	5% above HPI
2003 28 FEB	£535,000	£399,316	34% above HPI

38 WATER MEAD 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 38 WATER MEAD sales from February 2003 and May 2019 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 2003 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the May 2019 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 38 WATER MEAD be worth now?

38 WATER MEAD might now be worth an estimated £942,507.

This is based on house price inflation of 15.6%, between May 2019 and February 2025, for 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 15.6% inflationary increase is applied to the most recent sale price for 38 WATER MEAD of £815,000 on 29th May 2019. For the value to have increased from £815,000 to £942,507 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 38 WATER MEAD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2019 sale price of £815,000 represented a fair market value for the property.
• The size, condition, and specification of 38 WATER MEAD has not materially changed since May 2019.

How Large is 38 WATER MEAD?

38 WATER MEAD is 176m² according to the EPC inspection conducted in March 2018. This puts it in the largest 40% of detached houses houses in Woodmansterne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodmansterne, and where 38 WATER MEAD lies on this distribution: 69% of detached houses houses are smaller than 38 WATER MEAD, and 31% of houses are larger. Note that EPC data is not available for all properties in Woodmansterne.

38 WATER MEAD: Plot and Title Map

38 WATER MEAD sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 38 WATER MEAD, 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 WATER MEAD). 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 WATER MEAD?

38 WATER MEAD is located in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of No. 38 on WATER MEAD.