MERRYTHOUGHT COTTAGE, HIGH ROAD, CHIPSTEAD, COULSDON, CR5 3QN - £460,000

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

MERRYTHOUGHT COTTAGE is a very small detached house of 61m², built sometime between 1900 and 1929. It was last sold for £460,000 in September 2021, which was around 42% below the average September 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

MERRYTHOUGHT COTTAGE Sold Prices

Land registry data shows four sales for MERRYTHOUGHT COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four MERRYTHOUGHT COTTAGE 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
2021 17 SEP	£460,000	£791,383	42% below HPI
2014 14 NOV	£330,000	£647,291	49% below HPI
2008 26 SEP	£285,000	£473,141	40% below HPI
2007 25 MAY	£290,000	£472,521	39% below HPI

MERRYTHOUGHT 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 four MERRYTHOUGHT COTTAGE sales between May 2007 and September 2021 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 2014 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the September 2021 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is MERRYTHOUGHT COTTAGE?

MERRYTHOUGHT COTTAGE is 61m² according to the EPC inspection conducted in April 2019. 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 MERRYTHOUGHT COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than MERRYTHOUGHT COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

MERRYTHOUGHT COTTAGE: Plot and Title Map

MERRYTHOUGHT COTTAGE sits on a plot of roughly 0.027 of an acre, or 110m². The below map shows the location of MERRYTHOUGHT 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 MERRYTHOUGHT 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 MERRYTHOUGHT COTTAGE?

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