CHERRY TREES, CROYDON LANE, BANSTEAD, SM7 3BJ - £595,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CHERRY TREES is a very small extended detached house of 100m², built sometime between 1950 and 1966, which could now be worth an estimated £656,475. It was last sold for £595,000 in May 2021, which was around 27% below the average May 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES 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 CHERRY TREES 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
2021 28 MAY	£595,000	£814,470	27% below HPI
2006 22 SEP	£335,000	£464,316	28% below HPI

CHERRY TREES 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 CHERRY TREES sales from September 2006 and May 2021 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 September 2006 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2021 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might CHERRY TREES be worth now?

CHERRY TREES might now be worth an estimated £656,475.

This is based on house price inflation of 10.3%, between May 2021 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 10.3% inflationary increase is applied to the most recent sale price for CHERRY TREES of £595,000 on 28th May 2021. For the value to have increased from £595,000 to £656,475 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of CHERRY TREES has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2021 sale price of £595,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY TREES has not materially changed since May 2021.

How Large is CHERRY TREES?

CHERRY TREES is 100m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% 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 CHERRY TREES lies on this distribution: 12% of detached houses houses are smaller than CHERRY TREES, and 88% of houses are larger. Note that EPC data is not available for all properties in Banstead.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on CROYDON LANE in BANSTEAD, in the SM7 postcode district. The below map shows the position of CHERRY TREES on CROYDON LANE.