MEAD CORNER, HOW LANE, CHIPSTEAD, COULSDON, CR5 3LT - £955,000

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

MEAD CORNER is a small detached house of 181m², built sometime between 1976 and 1982. It was last sold for £955,000 in May 2024, which was around 9% above the average May 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was C.

MEAD CORNER Sold Prices

Land registry data shows two sales for MEAD CORNER 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 MEAD CORNER 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
2024 3 MAY	£955,000	£874,571	9% above HPI
1996 9 FEB	£260,000	£143,547	81% above HPI

MEAD CORNER 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 MEAD CORNER sales from February 1996 and May 2024 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 February 1996 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the May 2024 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is MEAD CORNER?

MEAD CORNER is 181m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 30% of detached houses in Chipstead, based on EPC data. The below chart shows the distribution of detached houses by size in Chipstead, and where MEAD CORNER lies on this distribution: 27% of detached houses are smaller than MEAD CORNER, and 72% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

MEAD CORNER: Plot and Title Map

MEAD CORNER sits on a plot of roughly 0.267 of an acre, or 1,081m². The below map shows the location of MEAD CORNER, 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 MEAD CORNER). 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 MEAD CORNER?

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