5, PYE CLOSE, CATERHAM, CR3 5FQ - £397,000

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.

5 PYE CLOSE is a very small terraced house of 68m², built sometime between 1976 and 1982, which could now be worth an estimated £365,634. It was last sold for £397,000 in December 2022, which was around 6% below the average December 2022 terraced price in the Tandridge local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

5 PYE CLOSE Sold Prices

Land registry data shows three sales for 5 PYE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Tandridge local authority area for the corresponding sale date. Two of the three 5 PYE CLOSE sales were for below the average price, whilst one was 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 20 DEC	£397,000	£421,403	6% below HPI
2003 8 AUG	£183,950	£187,017	2% below HPI
1997 21 MAY	£87,950	£75,131	17% above HPI

5 PYE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Tandridge local authority area over time, sourced from the HPI. The three 5 PYE CLOSE sales between May 1997 and December 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 August 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2022 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 5 PYE CLOSE be worth now?

5 PYE CLOSE might now be worth an estimated £365,634.

This is based on house price deflation of 7.9%, between December 2022 and May 2026, for terraced 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 7.9% deflationary decrease is applied to the most recent sale price for 5 PYE CLOSE of £397,000 on 20th December 2022. For the value to have decreased from £397,000 to £365,634 over the four years and seven months to May 2026, the following assumptions must hold true:

• The value of 5 PYE CLOSE has moved in line with the HPI for terraced houses in the Tandridge local authority area.
• The December 2022 sale price of £397,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PYE CLOSE has not materially changed since December 2022.

How Large is 5 PYE CLOSE?

5 PYE CLOSE is 68m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of terraced houses houses in Caterham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Caterham, and where 5 PYE CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 5 PYE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Caterham.

5 PYE CLOSE: Plot and Title Map

5 PYE CLOSE sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 5 PYE 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 5 PYE 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 5 PYE CLOSE?

5 PYE CLOSE is located in CATERHAM, in the CR3 postcode district. The below map shows the position of No. 5 on PYE CLOSE.