225, NORK WAY, BANSTEAD, SM7 1JG - £350,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

225 NORK WAY is a very small extended terraced house of 95m², built sometime between 1950 and 1966, which could now be worth an estimated £540,545. It was last sold for £350,000 in May 2014, which was around 25% above the average May 2014 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

225 NORK WAY Sold Prices

Land registry data shows three sales for 225 NORK WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 225 NORK WAY 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
2014 12 MAY	£350,000	£279,932	25% above HPI
2005 15 JUL	£249,999	£210,244	19% above HPI
2001 31 AUG	£175,000	£137,322	27% above HPI

225 NORK WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The three 225 NORK WAY sales between August 2001 and May 2014 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 2005 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the May 2014 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 225 NORK WAY be worth now?

225 NORK WAY might now be worth an estimated £540,545.

This is based on house price inflation of 54.4%, between May 2014 and June 2025, for terraced 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 54.4% inflationary increase is applied to the most recent sale price for 225 NORK WAY of £350,000 on 12th May 2014. For the value to have increased from £350,000 to £540,545 over the ten years and eleven months to June 2025, the following assumptions must hold true:

• The value of 225 NORK WAY has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The May 2014 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 225 NORK WAY has not materially changed since May 2014.

How Large is 225 NORK WAY?

225 NORK WAY is 95m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of terraced houses houses in Nork, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Nork, and where 225 NORK WAY lies on this distribution: 9% of terraced houses houses are smaller than 225 NORK WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Nork.

225 NORK WAY: Plot and Title Map

225 NORK WAY sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 225 NORK WAY, 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 225 NORK WAY). 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 225 NORK WAY?

225 NORK WAY is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 225 on NORK WAY.