THE STUDIO, HOW LANE, CHIPSTEAD, COULSDON, CR5 3LN - £1,220,000

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.

THE STUDIO is a midsized extended detached house of 225m², built sometime between 1900 and 1929, which could now be worth an estimated £1,274,434. It was last sold for £1,220,000 in July 2022, which was around 34% above the average July 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was C.

THE STUDIO Sold Prices

Land registry data shows three sales for THE STUDIO 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 THE STUDIO 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
2022 1 JUL	£1,220,000	£908,313	34% above HPI
2002 26 JUL	£499,000	£360,912	38% above HPI
1996 25 JUN	£165,000	£156,981	5% above HPI

THE STUDIO 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 THE STUDIO sales between June 1996 and July 2022 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 July 2002 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the July 2022 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might THE STUDIO be worth now?

THE STUDIO might now be worth an estimated £1,274,434.

This is based on house price inflation of 4.5%, between July 2022 and April 2026, 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 4.5% inflationary increase is applied to the most recent sale price for THE STUDIO of £1,220,000 on 1st July 2022. For the value to have increased from £1,220,000 to £1,274,434 over the four years and three months to April 2026, the following assumptions must hold true:

• The value of THE STUDIO has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The July 2022 sale price of £1,220,000 represented a fair market value for the property.
• The size, condition, and specification of THE STUDIO has not materially changed since July 2022.

How Large is THE STUDIO?

THE STUDIO is 225m², which includes four extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 50% 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 THE STUDIO lies on this distribution: 51% of detached houses houses are smaller than THE STUDIO, and 48% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

THE STUDIO: Plot and Title Map

THE STUDIO sits on a plot of roughly 0.324 of an acre, or 1,312m². The below map shows the location of THE STUDIO, 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 THE STUDIO). 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 THE STUDIO?

THE STUDIO is located on HOW LANE in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of THE STUDIO on HOW LANE.