FIRBANK, HOLLY LANE, BANSTEAD, SM7 2AY - £1,300,000

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

FIRBANK is a large extended detached house of 166m², built sometime between 1930 and 1949. It was last sold for £1,300,000 in March 2024, which was around 52% above the average March 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2021, where the current energy rating was F, and the potential energy rating was C.

FIRBANK Sold Prices

Land registry data shows two sales for FIRBANK 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 FIRBANK 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
2024 27 MAR	£1,300,000	£854,489	52% above HPI
2022 28 JAN	£1,150,000	£837,097	37% above HPI

FIRBANK 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 FIRBANK sales from January 2022 and March 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 January 2022 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the March 2024 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is FIRBANK?

FIRBANK is 166m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the largest 40% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where FIRBANK lies on this distribution: 68% of detached houses are smaller than FIRBANK, and 32% of houses are larger. Note that EPC data is not available for all properties in Banstead.

FIRBANK: Plot and Title Map

FIRBANK sits on a plot of roughly 0.464 of an acre, or 1,877m². The below map shows the location of FIRBANK, 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 FIRBANK). 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 FIRBANK?

FIRBANK is located on HOLLY LANE in BANSTEAD, in the SM7 postcode district. The below map shows the position of FIRBANK on HOLLY LANE.