Market Context — 31 Stevens Lane
Market Context

Surrey property market: prices, sales & taxes

General market data from the Office for National Statistics, HM Revenue & Customs and HM Land Registry, published here for the same due-diligence purpose as the rest of this site. It is not specific to 31 Stevens Lane and does not assert anything about the viability of this particular scheme — readers weighing that question should form their own view from primary sources.

Period covered
2023 – September 2026
Notice status
Published — 21/09/2026
Last confirmed
21/09/2026
01

How to read this page

The figures below are general Surrey and UK property-market statistics, drawn from the Office for National Statistics, HMRC and other public sources listed against each chart. None of it is specific to this site or this developer, and none of it is a prediction. It is provided as background market context for anyone carrying out due diligence — buyers, funders, contractors — alongside the site-specific matters recorded on the other pages of this notice.

02

House prices — Surrey, real terms

Public record

Average price, inflation-adjusted

2023
£714,000
2024
£630,000
2025
£616,000
Down 13.7% in real terms, 2023→2025. Most recent 12 months (Jul 2025–Jun 2026): +2% — first sign of recovery.
Elmbridge (covering Claygate), nominal: £748,000 (Jul 2026), the highest average of any South East borough — vs a South East regional average of £380,000.
Source ONS, Elmbridge house prices (ons.gov.uk/visualisations/housingpriceslocal/E07000207); UK House Price Index, June 2026 (gov.uk); Plumplot Surrey house prices.
03

Number of sales

Public record

Surrey property transactions, rolling 12 months

Prior 12 months
~18,500
To Jun 2026
14,600
↓ −19.9% (−3,900 transactions)
This follows a national rush to complete before the April 2025 stamp duty threshold cut — UK transactions had jumped +20% the year before (872,000 → 1,049,600). Surrey's fall is the "payback" from that pulled-forward demand.
Source Plumplot Surrey property transactions; HM Land Registry Price Paid Data.
04

Property-related taxes

Public record

UK total stamp tax receipts, £bn

2023–24
£14.8bn
2024–25
£18.2bn
↑ +23%
Residential SDLT alone: £10.4bn in 2024–25, up 21%. The surcharge on company/investor purchases — like a development site — rose from 3% to 5% in October 2024.

Tax changes already legislated:

  • Oct 2024Additional-dwellings surcharge (company/investor purchases): 3% → 5%
  • Apr 2025SDLT nil-rate band: £250,000 → £125,000
  • Apr 2027Landlord income tax rates: +2 points across all bands
  • Apr 2028New "mansion tax" on £2m+ homes: £2,500–£7,500/year
Source HMRC stamp duty receipts, via The Intermediary (Dec 2025); Propertymark, Autumn Budget 2025 summary.
05

A note on definitions

Different sources define "Surrey" by slightly different boundaries — county versus postcode area — so the figures above should be treated as directional context, not a substitute for primary Land Registry Price Paid Data for a specific transaction or site.