SPINNEY HOUSE, THE DRIVE, BANSTEAD, SM7 1DQ - £1,650,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

SPINNEY HOUSE is a very large extended detached house of 247m², built sometime between 1950 and 1966. It was last sold for £1,650,000 in March 2024, which was around 93% above the average March 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was C.

SPINNEY HOUSE Sold Prices

Land registry data shows three sales for SPINNEY HOUSE 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 SPINNEY HOUSE 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
2024 14 MAR	£1,650,000	£854,674	93% above HPI
2017 19 JUL	£927,500	£747,504	24% above HPI
2013 15 NOV	£765,000	£548,482	39% above HPI

SPINNEY HOUSE 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 SPINNEY HOUSE sales between November 2013 and March 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 2017 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the March 2024 sale, where it rises to 93% above the HPI. The line then continues to track at 93% above the HPI.

How Large is SPINNEY HOUSE?

SPINNEY HOUSE is 247m², which includes four extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 10% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where SPINNEY HOUSE lies on this distribution: 95% of detached houses are smaller than SPINNEY HOUSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Nork.

SPINNEY HOUSE: Plot and Title Map

SPINNEY HOUSE sits on a plot of roughly 0.538 of an acre, or 2,178m². The below map shows the location of SPINNEY HOUSE, 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 SPINNEY HOUSE). 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 SPINNEY HOUSE?

SPINNEY HOUSE is located on THE DRIVE in BANSTEAD, in the SM7 postcode district. The below map shows the position of SPINNEY HOUSE on THE DRIVE.