RED GABLES, KENILWORTH CLOSE, BANSTEAD, SM7 2BJ - £1,157,000

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

RED GABLES is a midsized extended detached house of 154m², built sometime between 1930 and 1949. It was last sold for £1,157,000 in March 2022, which was around 37% above the average March 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was C.

RED GABLES Sold Prices

Land registry data shows three sales for RED GABLES 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 RED GABLES 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
2022 15 MAR	£1,157,000	£844,554	37% above HPI
2001 6 APR	£428,000	£297,975	44% above HPI
1997 6 MAR	£249,950	£161,296	55% above HPI

RED GABLES 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 RED GABLES sales between March 1997 and March 2022 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 April 2001 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the March 2022 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is RED GABLES?

RED GABLES is 154m², which includes three extensions, according to the EPC inspection conducted in September 2021. This puts it in the largest 50% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where RED GABLES lies on this distribution: 58% of detached houses are smaller than RED GABLES, and 42% of houses are larger. Note that EPC data is not available for all properties in Banstead.

RED GABLES: Plot and Title Map

RED GABLES sits on a plot of roughly 0.207 of an acre, or 837m². The below map shows the location of RED GABLES, 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 RED GABLES). 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 RED GABLES?

RED GABLES is located on KENILWORTH CLOSE in BANSTEAD, in the SM7 postcode district. The below map shows the position of RED GABLES on KENILWORTH CLOSE.