THE BANKS, WATERFIELD DRIVE, WARLINGHAM, CR6 9HP - £1,015,000

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

THE BANKS is a midsized detached house of 163m², built sometime between 1967 and 1975, which could now be worth an estimated £947,999. It was last sold for £1,015,000 in October 2022, which was around 6% above the average October 2022 detached price in the Tandridge local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was C.

THE BANKS Sold Prices

Land registry data shows three sales for THE BANKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. All of the three THE BANKS 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
2022 7 OCT	£1,015,000	£957,012	6% above HPI
2007 7 SEP	£617,500	£537,422	15% above HPI
1999 4 AUG	£289,500	£263,409	10% above HPI

THE BANKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tandridge local authority area over time, sourced from the HPI. The three THE BANKS sales between August 1999 and October 2022 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 September 2007 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2022 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might THE BANKS be worth now?

THE BANKS might now be worth an estimated £947,999.

This is based on house price deflation of 6.6%, between October 2022 and December 2024, for detached houses, in the Tandridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.6% deflationary decrease is applied to the most recent sale price for THE BANKS of £1,015,000 on 7th October 2022. For the value to have decreased from £1,015,000 to £947,999 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of THE BANKS has moved in line with the HPI for detached houses in the Tandridge local authority area.
• The October 2022 sale price of £1,015,000 represented a fair market value for the property.
• The size, condition, and specification of THE BANKS has not materially changed since October 2022.

How Large is THE BANKS?

THE BANKS is 163m² according to the EPC inspection conducted in December 2020. This puts it in the largest 50% of detached houses houses in Warlingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Warlingham, and where THE BANKS lies on this distribution: 52% of detached houses houses are smaller than THE BANKS, and 47% of houses are larger. Note that EPC data is not available for all properties in Warlingham.

THE BANKS: Plot and Title Map

THE BANKS sits on a plot of roughly 0.383 of an acre, or 1,550m². The below map shows the location of THE BANKS, 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 THE BANKS). 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 THE BANKS?

THE BANKS is located on WATERFIELD DRIVE in WARLINGHAM, in the CR6 postcode district. The below map shows the position of THE BANKS on WATERFIELD DRIVE.