8, OUTWOOD LANE, CHIPSTEAD, COULSDON, CR5 3NA - £700,000

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

8 OUTWOOD LANE is a large extended detached house of 192m², built sometime between 1930 and 1949. It was last sold for £700,000 in February 2024, which was around 18% below the average February 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was C.

8 OUTWOOD LANE Sold Prices

Land registry data shows two sales for 8 OUTWOOD LANE 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 8 OUTWOOD LANE 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
2024 2 FEB	£700,000	£853,445	18% below HPI
1995 7 AUG	£139,000	£149,016	7% below HPI

8 OUTWOOD 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 two 8 OUTWOOD LANE sales from August 1995 and February 2024 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 1995 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2024 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 8 OUTWOOD LANE?

8 OUTWOOD LANE is 192m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the largest 30% of detached houses in Woodmansterne, based on EPC data. The below chart shows the distribution of detached houses by size in Woodmansterne, and where 8 OUTWOOD LANE lies on this distribution: 76% of detached houses are smaller than 8 OUTWOOD LANE, and 24% of houses are larger. Note that EPC data is not available for all properties in Woodmansterne.

8 OUTWOOD LANE: Plot and Title Map

8 OUTWOOD LANE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 8 OUTWOOD 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 8 OUTWOOD 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 8 OUTWOOD LANE?

8 OUTWOOD LANE is located in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of No. 8 on OUTWOOD LANE.