7, THE LAURELS, BANSTEAD, SM7 2HG - £425,000

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 LAURELS is a very small detached house of 103m², built sometime between 1983 and 1990. It was last sold for £425,000 in April 2012, which was around 15% below the average April 2012 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

7 THE LAURELS Sold Prices

Land registry data shows two sales for 7 THE LAURELS 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. Both of the two 7 THE LAURELS 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
2012 13 APR	£425,000	£499,247	15% below HPI
2010 8 OCT	£418,000	£497,128	16% below HPI

7 THE LAURELS 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 7 THE LAURELS sales from October 2010 and April 2012 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 October 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2012 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 THE LAURELS?

7 THE LAURELS is 103m² according to the EPC inspection conducted in May 2010. 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 7 THE LAURELS lies on this distribution: 14% of detached houses are smaller than 7 THE LAURELS, and 86% of houses are larger. Note that EPC data is not available for all properties in Banstead.

7 THE LAURELS: Plot and Title Map

7 THE LAURELS sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 7 THE LAURELS, 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 LAURELS). 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 LAURELS?

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