PANDORA, FAIRLAWN GROVE, BANSTEAD, SM7 3BN - £605,000

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

PANDORA is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £605,000 in April 2024, which was around 31% below the average April 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

PANDORA Sold Prices

Land registry data shows two sales for PANDORA 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 PANDORA 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
2024 25 APR	£605,000	£870,705	31% below HPI
2016 22 JUL	£438,000	£743,675	41% below HPI

PANDORA 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 PANDORA sales from July 2016 and April 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 July 2016 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the April 2024 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is PANDORA?

PANDORA is 70m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 10% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where PANDORA lies on this distribution: 2% of detached houses are smaller than PANDORA, and 98% of houses are larger. Note that EPC data is not available for all properties in Banstead.

PANDORA: Plot and Title Map

PANDORA sits on a plot of roughly 0.140 of an acre, or 565m². The below map shows the location of PANDORA, 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 PANDORA). 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 PANDORA?

PANDORA is located on FAIRLAWN GROVE in BANSTEAD, in the SM7 postcode district. The below map shows the position of PANDORA on FAIRLAWN GROVE.