SPINDLES, HOW LANE, CHIPSTEAD, COULSDON, CR5 3LL - £818,000

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

SPINDLES is a small detached house of 172m², built sometime between 1950 and 1966. It was last sold for £818,000 in February 2021, which was around 4% above the average February 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was B.

SPINDLES Sold Prices

Land registry data shows two sales for SPINDLES 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 SPINDLES 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
2021 5 FEB	£818,000	£788,381	4% above HPI
1997 18 AUG	£290,000	£179,940	61% above HPI

SPINDLES 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 SPINDLES sales from August 1997 and February 2021 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 1997 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the February 2021 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is SPINDLES?

SPINDLES is 172m² according to the EPC inspection conducted in June 2020. 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 SPINDLES lies on this distribution: 23% of detached houses are smaller than SPINDLES, and 76% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

SPINDLES: Plot and Title Map

SPINDLES sits on a plot of roughly 0.371 of an acre, or 1,502m². The below map shows the location of SPINDLES, 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 SPINDLES). 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 SPINDLES?

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