8, BURNS DRIVE, BANSTEAD, SM7 1PN - £805,000

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.

8 BURNS DRIVE is a midsized extended detached house of 141m², built sometime between 1983 and 1990, which could now be worth an estimated £891,511. It was last sold for £805,000 in October 2020, which was around 4% below the average October 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

8 BURNS DRIVE Sold Prices

Land registry data shows two sales for 8 BURNS DRIVE 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. One of the two 8 BURNS DRIVE sales was for below the average price, whilst the other was 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
2020 1 OCT	£805,000	£839,036	4% below HPI
1999 5 AUG	£250,000	£241,629	3% above HPI

8 BURNS DRIVE 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 8 BURNS DRIVE sales from August 1999 and October 2020 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 August 1999 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the October 2020 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 8 BURNS DRIVE be worth now?

8 BURNS DRIVE might now be worth an estimated £891,511.

This is based on house price inflation of 10.7%, between October 2020 and June 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 10.7% inflationary increase is applied to the most recent sale price for 8 BURNS DRIVE of £805,000 on 1st October 2020. For the value to have increased from £805,000 to £891,511 over the five years and four months to June 2025, the following assumptions must hold true:

• The value of 8 BURNS DRIVE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2020 sale price of £805,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BURNS DRIVE has not materially changed since October 2020.

How Large is 8 BURNS DRIVE?

8 BURNS DRIVE is 141m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the smallest 50% of detached houses houses in Nork, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nork, and where 8 BURNS DRIVE lies on this distribution: 43% of detached houses houses are smaller than 8 BURNS DRIVE, and 56% of houses are larger. Note that EPC data is not available for all properties in Nork.

8 BURNS DRIVE: Plot and Title Map

8 BURNS DRIVE sits on a plot of roughly 0.138 of an acre, or 558m². The below map shows the location of 8 BURNS DRIVE, 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 8 BURNS DRIVE). 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 8 BURNS DRIVE?

8 BURNS DRIVE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 8 on BURNS DRIVE.