OVER THE WAY, HOW LANE, CHIPSTEAD, COULSDON, CR5 3LT - £760,000

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

OVER THE WAY is a small extended detached house of 176m², built sometime between 1900 and 1929. It was last sold for £760,000 in March 2011, which was around 51% above the average March 2011 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2009, where the current energy rating was F, and the potential energy rating was E.

OVER THE WAY Sold Prices

Land registry data shows two sales for OVER THE WAY 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 OVER THE WAY 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
2011 7 MAR	£760,000	£503,205	51% above HPI
1996 21 AUG	£248,000	£152,708	62% above HPI

OVER THE WAY 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 OVER THE WAY sales from August 1996 and March 2011 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 1996 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the March 2011 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is OVER THE WAY?

OVER THE WAY is 176m², which includes one extension, according to the EPC inspection conducted in July 2009. 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 OVER THE WAY lies on this distribution: 25% of detached houses are smaller than OVER THE WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

OVER THE WAY: Plot and Title Map

OVER THE WAY sits on a plot of roughly 0.411 of an acre, or 1,664m². The below map shows the location of OVER THE WAY, 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 OVER THE WAY). 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 OVER THE WAY?

OVER THE WAY is located on HOW LANE in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of OVER THE WAY on HOW LANE.