GREENBANKS, KENILWORTH CLOSE, BANSTEAD, SM7 2BJ - £1,500,000

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

GREENBANKS is a very large extended detached house of 257m², built sometime between 1900 and 1929, which could now be worth an estimated £1,487,118. It was last sold for £1,500,000 in December 2023, which was around 65% above the average December 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

GREENBANKS Sold Prices

Land registry data shows four sales for GREENBANKS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four GREENBANKS 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
2023 8 DEC	£1,500,000	£906,404	65% above HPI
2013 4 JAN	£831,000	£551,323	51% above HPI
2005 13 JUL	£575,000	£445,582	29% above HPI
2003 7 NOV	£535,000	£410,507	30% above HPI

GREENBANKS 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 four GREENBANKS sales between November 2003 and December 2023 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 2013 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the December 2023 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might GREENBANKS be worth now?

GREENBANKS might now be worth an estimated £1,487,118.

This is based on house price deflation of 0.9%, between December 2023 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 0.9% deflationary decrease is applied to the most recent sale price for GREENBANKS of £1,500,000 on 8th December 2023. For the value to have decreased from £1,500,000 to £1,487,118 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of GREENBANKS has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The December 2023 sale price of £1,500,000 represented a fair market value for the property.
• The size, condition, and specification of GREENBANKS has not materially changed since December 2023.

How Large is GREENBANKS?

GREENBANKS is 257m², which includes two extensions, according to the EPC inspection conducted in February 2023. 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 GREENBANKS lies on this distribution: 95% of detached houses houses are smaller than GREENBANKS, and 5% of houses are larger. Note that EPC data is not available for all properties in Banstead.

GREENBANKS: Plot and Title Map

GREENBANKS sits on a plot of roughly 0.386 of an acre, or 1,563m². The below map shows the location of GREENBANKS, 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 GREENBANKS). 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 GREENBANKS?

GREENBANKS is located on KENILWORTH CLOSE in BANSTEAD, in the SM7 postcode district. The below map shows the position of GREENBANKS on KENILWORTH CLOSE.