8, MONKS ROAD, BANSTEAD, SM7 2EP - £895,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 MONKS ROAD is a large extended detached house of 161m², built sometime between 1900 and 1929, which could now be worth an estimated £1,065,309. It was last sold for £895,000 in February 2016, which was around 19% above the average February 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.

8 MONKS ROAD Sold Prices

Land registry data shows three sales for 8 MONKS 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 8 MONKS 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
2016 16 FEB	£895,000	£754,959	19% above HPI
2010 26 NOV	£701,000	£532,934	32% above HPI
2003 16 JUN	£470,000	£414,715	13% above HPI

8 MONKS 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 8 MONKS ROAD sales between June 2003 and February 2016 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 November 2010 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the February 2016 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 8 MONKS ROAD be worth now?

8 MONKS ROAD might now be worth an estimated £1,065,309.

This is based on house price inflation of 19%, between February 2016 and February 2025, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19% inflationary increase is applied to the most recent sale price for 8 MONKS ROAD of £895,000 on 16th February 2016. For the value to have increased from £895,000 to £1,065,309 over the nine years to February 2025, the following assumptions must hold true:

• The value of 8 MONKS ROAD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The February 2016 sale price of £895,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MONKS ROAD has not materially changed since February 2016.

How Large is 8 MONKS ROAD?

8 MONKS ROAD is 161m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the largest 40% of detached houses houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banstead, and where 8 MONKS ROAD lies on this distribution: 65% of detached houses houses are smaller than 8 MONKS ROAD, and 35% of houses are larger. Note that EPC data is not available for all properties in Banstead.

8 MONKS ROAD: Plot and Title Map

8 MONKS ROAD sits on a plot of roughly 0.220 of an acre, or 889m². The below map shows the location of 8 MONKS 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 8 MONKS 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 8 MONKS ROAD?

8 MONKS ROAD is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 8 on MONKS ROAD.