8, THE OVAL, BANSTEAD, SM7 2QY - £430,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

8 THE OVAL is a very small extended semi-detached house of 102m², built sometime between 1930 and 1949. It was last sold for £430,000 in June 2013, which was around 19% below the average June 2013 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

8 THE OVAL Sold Prices

Land registry data shows three sales for 8 THE OVAL 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 OVAL 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
2013 27 JUN	£430,000	£530,645	19% below HPI
2005 21 JUN	£308,000	£425,023	28% below HPI
1995 20 MAR	£96,000	£145,033	34% below HPI

8 THE OVAL 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 OVAL sales between March 1995 and June 2013 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 June 2005 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2013 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 8 THE OVAL?

8 THE OVAL is 102m², which includes one extension, according to the EPC inspection conducted in March 2013. 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 8 THE OVAL lies on this distribution: 13% of detached houses are smaller than 8 THE OVAL, and 86% of houses are larger. Note that EPC data is not available for all properties in Banstead.

8 THE OVAL: Plot and Title Map

8 THE OVAL sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 8 THE OVAL, 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 OVAL). 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 OVAL?

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