LAMORNA LODGE, HIGH ROAD, CHIPSTEAD, COULSDON, CR5 3QP - £825,000

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

LAMORNA LODGE is a very small detached house of 120m², built sometime between 1967 and 1975. It was last sold for £825,000 in April 2023, which was around 7% below the average April 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

LAMORNA LODGE Sold Prices

Land registry data shows two sales for LAMORNA LODGE 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. One of the two LAMORNA LODGE sales was for below the average price, whilst the other was 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 28 APR	£825,000	£883,915	7% below HPI
2010 23 NOV	£515,000	£508,106	1% above HPI

LAMORNA LODGE 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 LAMORNA LODGE sales from November 2010 and April 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 November 2010 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the April 2023 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is LAMORNA LODGE?

LAMORNA LODGE is 120m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% of detached houses in Chipstead, based on EPC data. The below chart shows the distribution of detached houses by size in Chipstead, and where LAMORNA LODGE lies on this distribution: 4% of detached houses are smaller than LAMORNA LODGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

LAMORNA LODGE: Plot and Title Map

LAMORNA LODGE sits on a plot of roughly 0.179 of an acre, or 725m². The below map shows the location of LAMORNA LODGE, 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 LAMORNA LODGE). 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 LAMORNA LODGE?

LAMORNA LODGE is located on HIGH ROAD in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of LAMORNA LODGE on HIGH ROAD.