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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

NORWOOD is a very small detached house of 128m², built sometime between 1967 and 1975, which could now be worth an estimated £1,028,174. It was last sold for £960,000 in October 2020, which was around 14% 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	£839,036	14% above HPI
2003 28 AUG	£500,000	£421,104	19% above HPI
1995 5 JUL	£198,000	£154,351	28% 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 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the October 2020 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might NORWOOD be worth now?

NORWOOD might now be worth an estimated £1,028,174.

This is based on house price inflation of 7.1%, between October 2020 and February 2025, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.1% inflationary increase is applied to the most recent sale price for NORWOOD of £960,000 on 16th October 2020. For the value to have increased from £960,000 to £1,028,174 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of NORWOOD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2020 sale price of £960,000 represented a fair market value for the property.
• The size, condition, and specification of NORWOOD has not materially changed since October 2020.

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 houses in Chipstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chipstead, and where NORWOOD lies on this distribution: 6% of detached houses houses are smaller than NORWOOD, and 95% 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.