GLARAMARA, OUTWOOD LANE, CHIPSTEAD, COULSDON, CR5 3NE - £665,000

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

GLARAMARA is a small extended detached house of 126m², built sometime between 1930 and 1949. It was last sold for £665,000 in March 2019, which was around 9% below the average March 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

GLARAMARA Sold Prices

Land registry data shows two sales for GLARAMARA 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. One of the two GLARAMARA sales was for below the average price, whilst the other was 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
2019 20 MAR	£665,000	£728,666	9% below HPI
1997 28 JUL	£185,000	£176,211	5% above HPI

GLARAMARA 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 GLARAMARA sales from July 1997 and March 2019 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 1997 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2019 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is GLARAMARA?

GLARAMARA is 126m², which includes two extensions, according to the EPC inspection conducted in July 2018. This puts it in the smallest 40% of detached houses in Woodmansterne, based on EPC data. The below chart shows the distribution of detached houses by size in Woodmansterne, and where GLARAMARA lies on this distribution: 31% of detached houses are smaller than GLARAMARA, and 67% of houses are larger. Note that EPC data is not available for all properties in Woodmansterne.

GLARAMARA: Plot and Title Map

GLARAMARA sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of GLARAMARA, 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 GLARAMARA). 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 GLARAMARA?

GLARAMARA is located on OUTWOOD LANE in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of GLARAMARA on OUTWOOD LANE.