24, LAMBERT ROAD, BANSTEAD, SM7 2QX - £330,000

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.

24 LAMBERT ROAD is a very small terraced house of 46m², built sometime between 1991 and 1995, which could now be worth an estimated £372,207. It was last sold for £330,000 in June 2021, which was around 14% below the average June 2021 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

24 LAMBERT ROAD Sold Prices

Land registry data shows four sales for 24 LAMBERT ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 24 LAMBERT ROAD 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
2021 24 JUN	£330,000	£383,306	14% below HPI
2017 20 OCT	£310,000	£366,495	15% below HPI
2014 8 OCT	£245,000	£311,295	21% below HPI
2004 6 SEP	£80,000	£199,957	60% below HPI

24 LAMBERT ROAD 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 four 24 LAMBERT ROAD sales between September 2004 and June 2021 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 October 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 24 LAMBERT ROAD be worth now?

24 LAMBERT ROAD might now be worth an estimated £372,207.

This is based on house price inflation of 12.8%, between June 2021 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 12.8% inflationary increase is applied to the most recent sale price for 24 LAMBERT ROAD of £330,000 on 24th June 2021. For the value to have increased from £330,000 to £372,207 over the four years to June 2025, the following assumptions must hold true:

• The value of 24 LAMBERT ROAD has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The June 2021 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 24 LAMBERT ROAD has not materially changed since June 2021.

How Large is 24 LAMBERT ROAD?

24 LAMBERT ROAD is 46m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% of terraced houses houses in Banstead, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Banstead, and where 24 LAMBERT ROAD lies on this distribution: Less than 1% of terraced houses houses are smaller than 24 LAMBERT ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Banstead.

24 LAMBERT ROAD: Plot and Title Map

24 LAMBERT ROAD sits on a plot of roughly 0.036 of an acre, or 145m². The below map shows the location of 24 LAMBERT ROAD, 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 24 LAMBERT ROAD). 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 24 LAMBERT ROAD?

24 LAMBERT ROAD is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 24 on LAMBERT ROAD.