2, STAG LEYS CLOSE, BANSTEAD, SM7 3AH - £1,170,000

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.

2 STAG LEYS CLOSE is a very large extended detached house of 225m², built sometime between 1996 and 2002, which could now be worth an estimated £1,284,329. It was last sold for £1,170,000 in October 2020, which was around 39% above the average October 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

2 STAG LEYS CLOSE Sold Prices

Land registry data shows three sales for 2 STAG LEYS CLOSE 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 2 STAG LEYS CLOSE 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
2020 23 OCT	£1,170,000	£839,036	39% above HPI
2015 1 APR	£985,000	£677,988	45% above HPI
2013 15 FEB	£755,000	£551,537	37% above HPI

2 STAG LEYS CLOSE 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 2 STAG LEYS CLOSE sales between February 2013 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 April 2015 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the October 2020 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 2 STAG LEYS CLOSE be worth now?

2 STAG LEYS CLOSE might now be worth an estimated £1,284,329.

This is based on house price inflation of 9.8%, between October 2020 and May 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 9.8% inflationary increase is applied to the most recent sale price for 2 STAG LEYS CLOSE of £1,170,000 on 23rd October 2020. For the value to have increased from £1,170,000 to £1,284,329 over the six years and five months to May 2026, the following assumptions must hold true:

• The value of 2 STAG LEYS CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2020 sale price of £1,170,000 represented a fair market value for the property.
• The size, condition, and specification of 2 STAG LEYS CLOSE has not materially changed since October 2020.

How Large is 2 STAG LEYS CLOSE?

2 STAG LEYS CLOSE is 225m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 10% of detached houses houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banstead, and where 2 STAG LEYS CLOSE lies on this distribution: 90% of detached houses houses are smaller than 2 STAG LEYS CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Banstead.

2 STAG LEYS CLOSE: Plot and Title Map

2 STAG LEYS CLOSE sits on a plot of roughly 0.218 of an acre, or 883m². The below map shows the location of 2 STAG LEYS CLOSE, 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 2 STAG LEYS CLOSE). 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 2 STAG LEYS CLOSE?

2 STAG LEYS CLOSE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 2 on STAG LEYS CLOSE.