HOLLY COTTAGE, HOW LANE, CHIPSTEAD, COULSDON, CR5 3LN - £515,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

HOLLY COTTAGE is a very small extended detached house of 142m², built sometime before 1900. It was last sold for £515,000 in July 2009, which was around 19% above the average July 2009 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

HOLLY COTTAGE Sold Prices

Land registry data shows two sales for HOLLY COTTAGE 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 HOLLY COTTAGE 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
2009 30 JUL	£515,000	£432,942	19% above HPI
2005 2 JUN	£475,000	£425,023	12% above HPI

HOLLY COTTAGE 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 HOLLY COTTAGE sales from June 2005 and July 2009 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 2005 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2009 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is HOLLY COTTAGE?

HOLLY COTTAGE is 142m², which includes two extensions, according to the EPC inspection conducted in May 2013. This puts it in the smallest 20% of detached houses in Chipstead, based on EPC data. The below chart shows the distribution of detached houses by size in Chipstead, and where HOLLY COTTAGE lies on this distribution: 13% of detached houses are smaller than HOLLY COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

HOLLY COTTAGE: Plot and Title Map

HOLLY COTTAGE sits on a plot of roughly 0.195 of an acre, or 791m². The below map shows the location of HOLLY COTTAGE, 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 HOLLY COTTAGE). 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 HOLLY COTTAGE?

HOLLY COTTAGE is located on HOW LANE in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of HOLLY COTTAGE on HOW LANE.