LITTLE MEAD, CROYDON LANE, BANSTEAD, SM7 3BW - £475,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

LITTLE MEAD is a very small extended detached house of 79m², built sometime between 1930 and 1949. It was last sold for £475,000 in October 2018, which was around 37% below the average October 2018 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2018, where the current energy rating was E, and the potential energy rating was B.

LITTLE MEAD Sold Prices

Land registry data shows three sales for LITTLE MEAD 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 LITTLE MEAD 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
2018 25 OCT	£475,000	£758,149	37% below HPI
2001 30 NOV	£246,950	£319,193	23% below HPI
2000 22 SEP	£212,000	£292,572	28% below HPI

LITTLE MEAD 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 LITTLE MEAD sales between September 2000 and October 2018 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 2001 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is LITTLE MEAD?

LITTLE MEAD is 79m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where LITTLE MEAD lies on this distribution: 4% of detached houses are smaller than LITTLE MEAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Banstead.

LITTLE MEAD: Plot and Title Map

LITTLE MEAD sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of LITTLE MEAD, 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 LITTLE MEAD). 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 LITTLE MEAD?

LITTLE MEAD is located on CROYDON LANE in BANSTEAD, in the SM7 postcode district. The below map shows the position of LITTLE MEAD on CROYDON LANE.