3, THE CLOSE, REIGATE, RH2 7BN - £622,500

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 THE CLOSE is a very small terraced house of 110m², built sometime between 1900 and 1929, which could now be worth an estimated £904,373. It was last sold for £622,500 in September 2014, which was around 105% above the average September 2014 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was B.

3 THE CLOSE Sold Prices

Land registry data shows two sales for 3 THE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 3 THE 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
2014 11 SEP	£622,500	£304,261	105% above HPI
2001 3 AUG	£245,000	£137,322	78% above HPI

3 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two 3 THE CLOSE sales from August 2001 and September 2014 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 August 2001 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the September 2014 sale, where it rises to 105% above the HPI. The line then continues to track at 105% above the HPI.

What might 3 THE CLOSE be worth now?

3 THE CLOSE might now be worth an estimated £904,373.

This is based on house price inflation of 45.3%, between September 2014 and April 2026, for terraced 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 45.3% inflationary increase is applied to the most recent sale price for 3 THE CLOSE of £622,500 on 11th September 2014. For the value to have increased from £622,500 to £904,373 over the twelve years and five months to April 2026, the following assumptions must hold true:

• The value of 3 THE CLOSE has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The September 2014 sale price of £622,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE CLOSE has not materially changed since September 2014.

How Large is 3 THE CLOSE?

3 THE CLOSE is 110m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of terraced houses houses in Reigate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Reigate, and where 3 THE CLOSE lies on this distribution: 15% of terraced houses houses are smaller than 3 THE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Reigate.

3 THE CLOSE: Plot and Title Map

3 THE CLOSE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 3 THE 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 THE 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 THE CLOSE?

3 THE CLOSE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 3 on THE CLOSE.