TEPESMEDE, HIGH ROAD, CHIPSTEAD, COULSDON, CR5 3QP - £607,500

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

TEPESMEDE is a midsized extended detached house of 230m², built sometime between 1950 and 1966. It was last sold for £607,500 in August 2015, which was around 11% below the average August 2015 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 two sales for TEPESMEDE 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. One of the two TEPESMEDE sales was for below the average price, whilst the other 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
2015 7 AUG	£607,500	£683,930	11% below HPI
2002 19 AUG	£429,950	£353,639	22% 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 two TEPESMEDE sales from August 2002 and August 2015 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 2002 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the August 2015 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

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 in Chipstead, based on EPC data. The below chart shows the distribution of detached houses by size in Chipstead, and where TEPESMEDE lies on this distribution: 54% of detached 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.