48A, SMITHY LANE, LOWER KINGSWOOD, TADWORTH, KT20 6TX - £525,000

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

48A SMITHY LANE is a small extended detached house of 112m², built sometime between 1983 and 1990. It was last sold for £525,000 in January 2023, which was around 40% below the average January 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

48A SMITHY LANE Sold Prices

Land registry data shows four sales for 48A SMITHY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 48A SMITHY LANE 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
2023 20 JAN	£525,000	£881,676	40% below HPI
2014 11 APR	£381,000	£576,062	34% below HPI
2003 12 AUG	£325,000	£401,485	19% below HPI
1997 13 JUN	£122,000	£169,001	28% below HPI

48A SMITHY 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 four 48A SMITHY LANE sales between June 1997 and January 2023 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 2014 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the January 2023 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 48A SMITHY LANE?

48A SMITHY LANE is 112m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 40% of detached houses in Lower Kingswood, based on EPC data. The below chart shows the distribution of detached houses by size in Lower Kingswood, and where 48A SMITHY LANE lies on this distribution: 33% of detached houses are smaller than 48A SMITHY LANE, and 67% of houses are larger. Note that EPC data is not available for all properties in Lower Kingswood.

48A SMITHY LANE: Plot and Title Map

48A SMITHY LANE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 48A SMITHY 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 48A SMITHY 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 48A SMITHY LANE?

48A SMITHY LANE is located in LOWER KINGSWOOD, in the KT20 postcode district. The below map shows the position of No. 48A on SMITHY LANE.