GREEN ACRES, HOLLY LANE, BANSTEAD, SM7 2AY - £1,900,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GREEN ACRES is a very large extended detached house of 425m², built sometime between 1976 and 1982, which could now be worth an estimated £2,001,658. It was last sold for £1,900,000 in November 2020, which was around 123% above the average November 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

GREEN ACRES Sold Prices

Land registry data shows five sales for GREEN ACRES since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the five GREEN ACRES 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
2020 19 NOV	£1,900,000	£852,982	123% above HPI
2015 30 JUN	£1,105,000	£693,623	59% above HPI
2009 31 JUL	£850,000	£454,097	87% above HPI
2000 25 FEB	£351,000	£267,622	31% above HPI
1999 2 AUG	£351,000	£241,629	45% above HPI

GREEN ACRES 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 five GREEN ACRES sales between August 1999 and November 2020 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 2015 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the November 2020 sale, where it rises to 123% above the HPI. The line then continues to track at 123% above the HPI.

What might GREEN ACRES be worth now?

GREEN ACRES might now be worth an estimated £2,001,658.

This is based on house price inflation of 5.4%, between November 2020 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 5.4% inflationary increase is applied to the most recent sale price for GREEN ACRES of £1,900,000 on 19th November 2020. For the value to have increased from £1,900,000 to £2,001,658 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of GREEN ACRES has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The November 2020 sale price of £1,900,000 represented a fair market value for the property.
• The size, condition, and specification of GREEN ACRES has not materially changed since November 2020.

How Large is GREEN ACRES?

GREEN ACRES is 425m², which includes three extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 10% 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 GREEN ACRES lies on this distribution: 99% of detached houses houses are smaller than GREEN ACRES, and 1% of houses are larger. Note that EPC data is not available for all properties in Banstead.

GREEN ACRES: Plot and Title Map

GREEN ACRES sits on a plot of roughly 0.439 of an acre, or 1,776m². The below map shows the location of GREEN ACRES, 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 GREEN ACRES). 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 GREEN ACRES?

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