THE GREY COTTAGE, WALPOLE AVENUE, CHIPSTEAD, COULSDON, CR5 3PP - £1,200,000

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 GREY COTTAGE is a midsized extended detached house of 222m², built sometime between 1900 and 1929, which could now be worth an estimated £1,385,069. It was last sold for £1,200,000 in September 2016, which was around 53% above the average September 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

THE GREY COTTAGE Sold Prices

Land registry data shows two sales for THE GREY COTTAGE 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. Both of the two THE GREY COTTAGE 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
2016 27 SEP	£1,200,000	£781,811	53% above HPI
2005 22 APR	£770,000	£428,941	80% above HPI

THE GREY COTTAGE 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 THE GREY COTTAGE sales from April 2005 and September 2016 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 2005 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the September 2016 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might THE GREY COTTAGE be worth now?

THE GREY COTTAGE might now be worth an estimated £1,385,069.

This is based on house price inflation of 15.4%, between September 2016 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 15.4% inflationary increase is applied to the most recent sale price for THE GREY COTTAGE of £1,200,000 on 27th September 2016. For the value to have increased from £1,200,000 to £1,385,069 over the seven years and nine months to December 2024, the following assumptions must hold true:

• The value of THE GREY COTTAGE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The September 2016 sale price of £1,200,000 represented a fair market value for the property.
• The size, condition, and specification of THE GREY COTTAGE has not materially changed since September 2016.

How Large is THE GREY COTTAGE?

THE GREY COTTAGE is 222m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the smallest 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 THE GREY COTTAGE lies on this distribution: 50% of detached houses houses are smaller than THE GREY COTTAGE, and 51% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

THE GREY COTTAGE: Plot and Title Map

THE GREY COTTAGE sits on a plot of roughly 0.500 of an acre, or 2,024m². The below map shows the location of THE GREY COTTAGE, 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 GREY COTTAGE). 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 GREY COTTAGE?

THE GREY COTTAGE is located on WALPOLE AVENUE in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of THE GREY COTTAGE on WALPOLE AVENUE.