7, THE DRIFTWAY, BANSTEAD, SM7 1LX - £485,000

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

7 THE DRIFTWAY is a very small semi-detached house of 84m², built sometime between 1967 and 1975. It was last sold for £485,000 in October 2019, which was around 36% below the average October 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2013, where the current energy rating was E, and the potential energy rating was B.

7 THE DRIFTWAY Sold Prices

Land registry data shows four sales for 7 THE DRIFTWAY 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 7 THE DRIFTWAY 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
2019 15 OCT	£485,000	£760,485	36% below HPI
2017 4 JAN	£475,000	£725,899	35% below HPI
2013 27 SEP	£385,000	£551,879	30% below HPI
2007 19 OCT	£387,000	£508,583	24% below HPI

7 THE DRIFTWAY 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 7 THE DRIFTWAY sales between October 2007 and October 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 January 2017 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 7 THE DRIFTWAY?

7 THE DRIFTWAY is 84m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 7 THE DRIFTWAY lies on this distribution: 4% of detached houses are smaller than 7 THE DRIFTWAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Nork.

7 THE DRIFTWAY: Plot and Title Map

7 THE DRIFTWAY sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 7 THE DRIFTWAY, 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 THE DRIFTWAY). 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 THE DRIFTWAY?

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