8, MELLOW CLOSE, BANSTEAD, SM7 3QR - £2,475,000

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.

8 MELLOW CLOSE is a very large extended detached house of 584m², built sometime between 1950 and 1966, which could now be worth an estimated £2,453,745. It was last sold for £2,475,000 in December 2023, which was around 173% above the average December 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was C.

8 MELLOW CLOSE Sold Prices

Land registry data shows three sales for 8 MELLOW 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 8 MELLOW 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
2023 5 DEC	£2,475,000	£906,404	173% above HPI
2018 16 FEB	£1,050,000	£785,194	34% above HPI
2013 27 JUN	£795,000	£556,575	43% above HPI

8 MELLOW 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 8 MELLOW CLOSE sales between June 2013 and December 2023 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 February 2018 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the December 2023 sale, where it rises to 173% above the HPI. The line then continues to track at 173% above the HPI.

What might 8 MELLOW CLOSE be worth now?

8 MELLOW CLOSE might now be worth an estimated £2,453,745.

This is based on house price deflation of 0.9%, between December 2023 and February 2025, 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 0.9% deflationary decrease is applied to the most recent sale price for 8 MELLOW CLOSE of £2,475,000 on 5th December 2023. For the value to have decreased from £2,475,000 to £2,453,745 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 MELLOW CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The December 2023 sale price of £2,475,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MELLOW CLOSE has not materially changed since December 2023.

How Large is 8 MELLOW CLOSE?

8 MELLOW CLOSE is 584m², which includes four extensions, according to the EPC inspection conducted in March 2023. 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 8 MELLOW CLOSE lies on this distribution: More than 99% of detached houses houses are smaller than 8 MELLOW CLOSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Banstead.

8 MELLOW CLOSE: Plot and Title Map

8 MELLOW CLOSE sits on a plot of roughly 0.353 of an acre, or 1,429m². The below map shows the location of 8 MELLOW 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 8 MELLOW 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 8 MELLOW CLOSE?

8 MELLOW CLOSE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 8 on MELLOW CLOSE.