FAIRWAYS, COULSDON LANE, CHIPSTEAD, COULSDON, CR5 3QG - £1,875,000

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.

FAIRWAYS is a very large extended detached house of 352m², built sometime between 1900 and 1929, which could now be worth an estimated £2,175,659. It was last sold for £1,875,000 in May 2018, which was around 139% above the average May 2018 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows three sales for FAIRWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three FAIRWAYS 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
2018 3 MAY	£1,875,000	£783,610	139% above HPI
2017 8 SEP	£1,500,000	£790,897	90% above HPI
2006 16 JUN	£970,000	£445,641	118% above HPI

FAIRWAYS 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 three FAIRWAYS sales between June 2006 and May 2018 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 2017 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the May 2018 sale, where it rises to 139% above the HPI. The line then continues to track at 139% above the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £2,175,659.

This is based on house price inflation of 16%, between May 2018 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 16% inflationary increase is applied to the most recent sale price for FAIRWAYS of £1,875,000 on 3rd May 2018. For the value to have increased from £1,875,000 to £2,175,659 over the seven years and two months to March 2025, the following assumptions must hold true:

• The value of FAIRWAYS has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2018 sale price of £1,875,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since May 2018.

How Large is FAIRWAYS?

FAIRWAYS is 352m², which includes two extensions, according to the EPC inspection conducted in February 2017. This puts it in the largest 20% of detached houses houses in Chipstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chipstead, and where FAIRWAYS lies on this distribution: 85% of detached houses houses are smaller than FAIRWAYS, and 15% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.863 of an acre, or 3,494m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on COULSDON LANE in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of FAIRWAYS on COULSDON LANE.