5, PARK ROAD, BANSTEAD, SM7 3BY - £612,000

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

5 PARK ROAD is a midsized extended detached house of 153m², built sometime between 1950 and 1966. It was last sold for £612,000 in June 2011, which was around 24% above the average June 2011 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

5 PARK ROAD Sold Prices

Land registry data shows three sales for 5 PARK ROAD 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. All of the three 5 PARK ROAD 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
2011 2 JUN	£612,000	£493,658	24% above HPI
2003 8 AUG	£455,000	£401,485	13% above HPI
1997 14 MAR	£188,000	£161,296	17% above HPI

5 PARK ROAD 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 5 PARK ROAD sales between March 1997 and June 2011 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 August 2003 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the June 2011 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 5 PARK ROAD?

5 PARK ROAD is 153m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the largest 50% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where 5 PARK ROAD lies on this distribution: 57% of detached houses are smaller than 5 PARK ROAD, and 43% of houses are larger. Note that EPC data is not available for all properties in Banstead.

5 PARK ROAD: Plot and Title Map

5 PARK ROAD sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of 5 PARK ROAD, 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 5 PARK ROAD). 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 5 PARK ROAD?

5 PARK ROAD is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 5 on PARK ROAD.