7, THE TRACERY, BANSTEAD, SM7 3DD - £489,950

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.

7 THE TRACERY is a small detached house of 116m², built sometime between 1950 and 1966, which could now be worth an estimated £543,513. It was last sold for £489,950 in June 2021, which was around 40% below the average June 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2021, where the current energy rating was E, and the potential energy rating was B.

7 THE TRACERY Sold Prices

Land registry data shows two sales for 7 THE TRACERY 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 7 THE TRACERY 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 30 JUN	£489,950	£819,655	40% below HPI
2003 23 DEC	£300,000	£411,361	27% below HPI

7 THE TRACERY 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 7 THE TRACERY sales from December 2003 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 December 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 7 THE TRACERY be worth now?

7 THE TRACERY might now be worth an estimated £543,513.

This is based on house price inflation of 10.9%, between June 2021 and March 2025, 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 10.9% inflationary increase is applied to the most recent sale price for 7 THE TRACERY of £489,950 on 30th June 2021. For the value to have increased from £489,950 to £543,513 over the four years and three months to March 2025, the following assumptions must hold true:

• The value of 7 THE TRACERY has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The June 2021 sale price of £489,950 represented a fair market value for the property.
• The size, condition, and specification of 7 THE TRACERY has not materially changed since June 2021.

How Large is 7 THE TRACERY?

7 THE TRACERY is 116m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 30% of detached houses houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banstead, and where 7 THE TRACERY lies on this distribution: 24% of detached houses houses are smaller than 7 THE TRACERY, and 76% of houses are larger. Note that EPC data is not available for all properties in Banstead.

7 THE TRACERY: Plot and Title Map

7 THE TRACERY sits on a plot of roughly 3.9 acres, or 15,886m². The below map shows the location of 7 THE TRACERY, 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 7 THE TRACERY). 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 7 THE TRACERY?

7 THE TRACERY is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 7 on THE TRACERY.