3, ESSENDENE CLOSE, CATERHAM, CR3 5PD - £650,000

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.

3 ESSENDENE CLOSE is a small extended detached house of 106m², built sometime between 1950 and 1966, which could now be worth an estimated £628,360. It was last sold for £650,000 in July 2022, which was around 30% below the average July 2022 detached price in the Tandridge local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

3 ESSENDENE CLOSE Sold Prices

Land registry data shows two sales for 3 ESSENDENE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. Both of the two 3 ESSENDENE CLOSE 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
2022 19 JUL	£650,000	£934,610	30% below HPI
2016 29 JAN	£590,000	£736,200	20% below HPI

3 ESSENDENE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tandridge local authority area over time, sourced from the HPI. The two 3 ESSENDENE CLOSE sales from January 2016 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 January 2016 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 3 ESSENDENE CLOSE be worth now?

3 ESSENDENE CLOSE might now be worth an estimated £628,360.

This is based on house price deflation of 3.3%, between July 2022 and June 2025, for detached houses, in the Tandridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.3% deflationary decrease is applied to the most recent sale price for 3 ESSENDENE CLOSE of £650,000 on 19th July 2022. For the value to have decreased from £650,000 to £628,360 over the three years and one month to June 2025, the following assumptions must hold true:

• The value of 3 ESSENDENE CLOSE has moved in line with the HPI for detached houses in the Tandridge local authority area.
• The July 2022 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ESSENDENE CLOSE has not materially changed since July 2022.

How Large is 3 ESSENDENE CLOSE?

3 ESSENDENE CLOSE is 106m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the smallest 30% of detached houses houses in Caterham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caterham, and where 3 ESSENDENE CLOSE lies on this distribution: 22% of detached houses houses are smaller than 3 ESSENDENE CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Caterham.

3 ESSENDENE CLOSE: Plot and Title Map

3 ESSENDENE CLOSE sits on a plot of roughly 0.229 of an acre, or 927m². The below map shows the location of 3 ESSENDENE 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 3 ESSENDENE 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 3 ESSENDENE CLOSE?

3 ESSENDENE CLOSE is located in CATERHAM, in the CR3 postcode district. The below map shows the position of No. 3 on ESSENDENE CLOSE.