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

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.

HOLLY COTTAGE is a very small extended detached house of 142m², built sometime before 1900, which could now be worth an estimated £1,019,142. It was last sold for £515,000 in July 2009, which was around 13% 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	£454,097	13% above HPI
2005 2 JUN	£475,000	£445,792	7% 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 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the July 2009 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might HOLLY COTTAGE be worth now?

HOLLY COTTAGE might now be worth an estimated £1,019,142.

This is based on house price inflation of 97.9%, between July 2009 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 97.9% inflationary increase is applied to the most recent sale price for HOLLY COTTAGE of £515,000 on 30th July 2009. For the value to have increased from £515,000 to £1,019,142 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of HOLLY COTTAGE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The July 2009 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLY COTTAGE has not materially changed since July 2009.

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 houses in Chipstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chipstead, and where HOLLY COTTAGE lies on this distribution: 13% of detached houses houses are smaller than HOLLY COTTAGE, and 88% 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.