THE RIDGE, HOW LANE, CHIPSTEAD, COULSDON, CR5 3LN - £1,250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE RIDGE is a very large detached house of 336m², built sometime between 1930 and 1949. It was last sold for £1,250,000 in December 2013, which was around 131% above the average December 2013 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

THE RIDGE Sold Prices

Land registry data shows four sales for THE RIDGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four THE RIDGE 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
2013 18 DEC	£1,250,000	£540,683	131% above HPI
2004 26 MAY	£1,225,000	£394,124	211% above HPI
2001 16 NOV	£860,000	£319,193	169% above HPI
1998 25 SEP	£595,000	£212,838	180% above HPI

THE RIDGE 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 four THE RIDGE sales between September 1998 and December 2013 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 May 2004 sale was for 211% above the HPI. So the extrapolation line tracks at 211% above the HPI over time, until the December 2013 sale, where it falls to 131% above the HPI. The line then continues to track at 131% above the HPI.

How Large is THE RIDGE?

THE RIDGE is 336m² according to the EPC inspection conducted in April 2012. This puts it in the largest 20% of detached houses in Chipstead, based on EPC data. The below chart shows the distribution of detached houses by size in Chipstead, and where THE RIDGE lies on this distribution: 83% of detached houses are smaller than THE RIDGE, and 17% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

THE RIDGE: Plot and Title Map

THE RIDGE sits on a plot of roughly 0.496 of an acre, or 2,007m². The below map shows the location of THE RIDGE, 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 RIDGE). 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 RIDGE?

THE RIDGE is located on HOW LANE in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of THE RIDGE on HOW LANE.