SPRINGBANK, BOURKE HILL, CHIPSTEAD, COULSDON, CR5 3PS - £790,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

SPRINGBANK is a small extended detached house of 160m², built sometime between 1950 and 1966. It was last sold for £790,000 in April 2024, which was around 11% below the average April 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2024, where the current energy rating was G, and the potential energy rating was D.

SPRINGBANK Sold Prices

Land registry data shows three sales for SPRINGBANK 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. Two of the three SPRINGBANK sales were for below the average price, whilst one was 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 16 APR	£790,000	£887,743	11% below HPI
2020 30 OCT	£350,000	£799,947	56% below HPI
1998 29 MAY	£250,000	£196,845	27% above HPI

SPRINGBANK 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 SPRINGBANK sales between May 1998 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 October 2020 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the April 2024 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is SPRINGBANK?

SPRINGBANK is 160m², which includes one extension, according to the EPC inspection conducted in February 2024. 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 SPRINGBANK lies on this distribution: 21% of detached houses are smaller than SPRINGBANK, and 79% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.408 of an acre, or 1,650m². The below map shows the location of SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

SPRINGBANK is located on BOURKE HILL in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of SPRINGBANK on BOURKE HILL.