CHERRY TREES, CROYDON LANE, BANSTEAD, SM7 3BJ - £595,000

CHERRY TREES is a very small extended detached house of 100m², built sometime between 1950 and 1966. It was last sold for £595,000 in May 2021, which was around 23% below the average May 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES 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 CHERRY TREES 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 28 MAY	£595,000	£776,526	23% below HPI
2006 22 SEP	£335,000	£442,684	24% below HPI

CHERRY TREES 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 CHERRY TREES sales from September 2006 and May 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 September 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2021 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 100m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where CHERRY TREES lies on this distribution: 12% of detached houses are smaller than CHERRY TREES, and 88% of houses are larger. Note that EPC data is not available for all properties in Banstead.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on CROYDON LANE in BANSTEAD, in the SM7 postcode district. The below map shows the position of CHERRY TREES on CROYDON LANE.