HOLLYCROFT, HOLLY LANE, BANSTEAD, SM7 2AX - £730,000

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.

HOLLYCROFT is a small extended detached house of 117m², built sometime between 1967 and 1975, which could now be worth an estimated £822,411. It was last sold for £730,000 in October 2019, which was around 8% below the average October 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was C.

HOLLYCROFT Sold Prices

Land registry data shows three sales for HOLLYCROFT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three HOLLYCROFT sales were for below 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 1 OCT	£730,000	£797,646	8% below HPI
2017 29 JUN	£720,000	£793,838	9% below HPI
2006 29 NOV	£447,500	£460,880	3% below HPI

HOLLYCROFT 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 three HOLLYCROFT sales between November 2006 and October 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 June 2017 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might HOLLYCROFT be worth now?

HOLLYCROFT might now be worth an estimated £822,411.

This is based on house price inflation of 12.7%, between October 2019 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 12.7% inflationary increase is applied to the most recent sale price for HOLLYCROFT of £730,000 on 1st October 2019. For the value to have increased from £730,000 to £822,411 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of HOLLYCROFT has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2019 sale price of £730,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLYCROFT has not materially changed since October 2019.

How Large is HOLLYCROFT?

HOLLYCROFT is 117m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 30% 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 HOLLYCROFT lies on this distribution: 24% of detached houses houses are smaller than HOLLYCROFT, and 75% of houses are larger. Note that EPC data is not available for all properties in Banstead.

HOLLYCROFT: Plot and Title Map

HOLLYCROFT sits on a plot of roughly 0.183 of an acre, or 742m². The below map shows the location of HOLLYCROFT, 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 HOLLYCROFT). 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 HOLLYCROFT?

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