7, GARRATTS LANE, BANSTEAD, SM7 2DZ - £1,515,000

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

7 GARRATTS LANE is a very large detached house of 558m², built sometime between 2003 and 2006. It was last sold for £1,515,000 in January 2021, which was around 89% above the average January 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

7 GARRATTS LANE Sold Prices

Land registry data shows five sales for 7 GARRATTS LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the five 7 GARRATTS LANE 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
2021 8 JAN	£1,515,000	£801,033	89% above HPI
2015 2 DEC	£1,544,000	£700,556	120% above HPI
2011 8 JUL	£1,325,000	£500,131	165% above HPI
2009 3 MAR	£1,200,000	£417,392	187% above HPI
2005 25 AUG	£477,000	£424,715	12% above HPI

7 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 five 7 GARRATTS LANE sales between August 2005 and January 2021 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 December 2015 sale was for 120% above the HPI. So the extrapolation line tracks at 120% above the HPI over time, until the January 2021 sale, where it falls to 89% above the HPI. The line then continues to track at 89% above the HPI.

How Large is 7 GARRATTS LANE?

7 GARRATTS LANE is 558m² according to the EPC inspection conducted in January 2015. This puts it in the largest 10% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where 7 GARRATTS LANE lies on this distribution: More than 99% of detached houses are smaller than 7 GARRATTS LANE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Banstead.

7 GARRATTS LANE: Plot and Title Map

7 GARRATTS LANE sits on a plot of roughly 0.228 of an acre, or 924m². The below map shows the location of 7 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 7 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 7 GARRATTS LANE?

7 GARRATTS LANE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 7 on GARRATTS LANE.