8, THE DRIFTWAY, BANSTEAD, SM7 1LX - £550,000

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 THE DRIFTWAY is a very small extended detached house of 112m², built sometime between 1950 and 1966. It was last sold for £550,000 in February 2016, which was around 24% below the average February 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

8 THE DRIFTWAY Sold Prices

Land registry data shows three sales for 8 THE DRIFTWAY 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 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
2016 1 FEB	£550,000	£719,786	24% below HPI
2007 17 JUL	£460,000	£496,261	7% below HPI
2001 9 OCT	£249,950	£322,158	22% below HPI

8 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 three 8 THE DRIFTWAY sales between October 2001 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 July 2007 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2016 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 8 THE DRIFTWAY?

8 THE DRIFTWAY is 112m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 8 THE DRIFTWAY lies on this distribution: 16% of detached houses are smaller than 8 THE DRIFTWAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Nork.

8 THE DRIFTWAY: Plot and Title Map

8 THE DRIFTWAY sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 8 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 8 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 8 THE DRIFTWAY?

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