THE STUDIO, HOW LANE, CHIPSTEAD, COULSDON, CR5 3LN - £1,220,000

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 STUDIO is a midsized extended detached house of 225m², built sometime between 1900 and 1929. It was last sold for £1,220,000 in July 2022, which was around 41% above the average July 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was C.

THE STUDIO Sold Prices

Land registry data shows three sales for THE STUDIO 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 STUDIO 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 1 JUL	£1,220,000	£865,997	41% above HPI
2002 26 JUL	£499,000	£344,098	45% above HPI
1996 25 JUN	£165,000	£149,667	10% above HPI

THE STUDIO 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 STUDIO sales between June 1996 and July 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 July 2002 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the July 2022 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is THE STUDIO?

THE STUDIO is 225m², which includes four extensions, according to the EPC inspection conducted in March 2019. 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 THE STUDIO lies on this distribution: 51% of detached houses are smaller than THE STUDIO, and 49% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

THE STUDIO: Plot and Title Map

THE STUDIO sits on a plot of roughly 0.324 of an acre, or 1,312m². The below map shows the location of THE STUDIO, 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 STUDIO). 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 STUDIO?

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