45, GARRATTS LANE, BANSTEAD, SM7 2ED - £535,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

45 GARRATTS LANE is a very small extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £535,000 in December 2016, which was around 26% below the average December 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

45 GARRATTS LANE Sold Prices

Land registry data shows two sales for 45 GARRATTS LANE 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 45 GARRATTS LANE sales was for below the average price, whilst the other was 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
2016 1 DEC	£535,000	£722,812	26% below HPI
1996 15 MAR	£161,950	£141,202	15% above HPI

45 GARRATTS LANE 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 45 GARRATTS LANE sales from March 1996 and December 2016 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 March 1996 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 45 GARRATTS LANE?

45 GARRATTS LANE is 105m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 20% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where 45 GARRATTS LANE lies on this distribution: 15% of detached houses are smaller than 45 GARRATTS LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Banstead.

45 GARRATTS LANE: Plot and Title Map

45 GARRATTS LANE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 45 GARRATTS LANE, 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 45 GARRATTS LANE). 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 45 GARRATTS LANE?

45 GARRATTS LANE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 45 on GARRATTS LANE.