NORWOOD, WALPOLE AVENUE, CHIPSTEAD, COULSDON, CR5 3PQ - £960,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

NORWOOD is a very small detached house of 128m², built sometime between 1967 and 1975. It was last sold for £960,000 in October 2020, which was around 20% above the average October 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

NORWOOD Sold Prices

Land registry data shows three sales for NORWOOD 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 NORWOOD 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
2020 16 OCT	£960,000	£799,947	20% above HPI
2003 28 AUG	£500,000	£401,485	25% above HPI
1995 5 JUL	£198,000	£147,160	35% above HPI

NORWOOD 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 NORWOOD sales between July 1995 and October 2020 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 August 2003 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2020 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is NORWOOD?

NORWOOD is 128m² according to the EPC inspection conducted in October 2016. 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 NORWOOD lies on this distribution: 6% of detached houses are smaller than NORWOOD, and 94% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

NORWOOD: Plot and Title Map

NORWOOD sits on a plot of roughly 0.477 of an acre, or 1,931m². The below map shows the location of NORWOOD, 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 NORWOOD). 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 NORWOOD?

NORWOOD is located on WALPOLE AVENUE in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of NORWOOD on WALPOLE AVENUE.