THE CHESTNUTS, WARREN MEAD, BANSTEAD, SM7 1LU - £755,500

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

THE CHESTNUTS is a small extended detached house of 134m², built sometime between 1930 and 1949. It was last sold for £755,500 in January 2023, which was around 14% below the average January 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

THE CHESTNUTS Sold Prices

Land registry data shows three sales for THE CHESTNUTS 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 THE CHESTNUTS sales were 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
2023 11 JAN	£755,500	£881,676	14% below HPI
2019 26 APR	£412,500	£735,378	44% below HPI
2018 7 SEP	£412,000	£776,501	47% below HPI

THE CHESTNUTS 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 THE CHESTNUTS sales between September 2018 and January 2023 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 April 2019 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the January 2023 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is THE CHESTNUTS?

THE CHESTNUTS is 134m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where THE CHESTNUTS lies on this distribution: 37% of detached houses are smaller than THE CHESTNUTS, and 62% of houses are larger. Note that EPC data is not available for all properties in Nork.

THE CHESTNUTS: Plot and Title Map

THE CHESTNUTS sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of THE CHESTNUTS, 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 CHESTNUTS). 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 CHESTNUTS?

THE CHESTNUTS is located on WARREN MEAD in BANSTEAD, in the SM7 postcode district. The below map shows the position of THE CHESTNUTS on WARREN MEAD.