TEPESMEDE, HIGH ROAD, CHIPSTEAD, COULSDON, CR5 3QP - £1,339,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

TEPESMEDE is a midsized extended detached house of 230m², built sometime between 1950 and 1966, which could now be worth an estimated £1,333,968. It was last sold for £1,339,000 in July 2024, which was around 48% above the average July 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

TEPESMEDE Sold Prices

Land registry data shows three sales for TEPESMEDE 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 TEPESMEDE sales were for above the average price, whilst one was 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 16 JUL	£1,339,000	£905,789	48% above HPI
2015 7 AUG	£607,500	£717,350	15% below HPI
2002 19 AUG	£429,950	£370,920	16% above HPI

TEPESMEDE 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 TEPESMEDE sales between August 2002 and July 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 August 2015 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2024 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might TEPESMEDE be worth now?

TEPESMEDE might now be worth an estimated £1,333,968.

This is based on house price deflation of 0.4%, between July 2024 and December 2024, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.4% deflationary decrease is applied to the most recent sale price for TEPESMEDE of £1,339,000 on 16th July 2024. For the value to have decreased from £1,339,000 to £1,333,968 over the seven months to December 2024, the following assumptions must hold true:

• The value of TEPESMEDE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The July 2024 sale price of £1,339,000 represented a fair market value for the property.
• The size, condition, and specification of TEPESMEDE has not materially changed since July 2024.

How Large is TEPESMEDE?

TEPESMEDE is 230m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the largest 50% of detached houses houses in Chipstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chipstead, and where TEPESMEDE lies on this distribution: 54% of detached houses houses are smaller than TEPESMEDE, and 46% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

TEPESMEDE: Plot and Title Map

TEPESMEDE sits on a plot of roughly 0.242 of an acre, or 980m². The below map shows the location of TEPESMEDE, 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 TEPESMEDE). 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 TEPESMEDE?

TEPESMEDE is located on HIGH ROAD in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of TEPESMEDE on HIGH ROAD.