8, ROWAN CLOSE, BANSTEAD, SM7 1BL - £517,000

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 ROWAN CLOSE is a small semi-detached house of 117m², which could now be worth an estimated £671,100. It was last sold for £517,000 in December 2015, which was around 25% above the average December 2015 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2008, where the current energy rating was B, and the potential energy rating was B.

8 ROWAN CLOSE Sold Prices

Land registry data shows three sales for 8 ROWAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 8 ROWAN 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
2015 4 DEC	£517,000	£415,197	25% above HPI
2012 18 MAY	£400,000	£295,039	36% above HPI
2009 22 MAY	£322,500	£246,376	31% above HPI

8 ROWAN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The three 8 ROWAN CLOSE sales between May 2009 and December 2015 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 May 2012 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the December 2015 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 8 ROWAN CLOSE be worth now?

8 ROWAN CLOSE might now be worth an estimated £671,100.

This is based on house price inflation of 29.8%, between December 2015 and March 2025, for semi-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 29.8% inflationary increase is applied to the most recent sale price for 8 ROWAN CLOSE of £517,000 on 4th December 2015. For the value to have increased from £517,000 to £671,100 over the ten years and nine months to March 2025, the following assumptions must hold true:

• The value of 8 ROWAN CLOSE has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The December 2015 sale price of £517,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ROWAN CLOSE has not materially changed since December 2015.

How Large is 8 ROWAN CLOSE?

8 ROWAN CLOSE is 117m² according to the EPC inspection conducted in May 2008. This puts it in the smallest 30% of semi-detached houses houses in Nork, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Nork, and where 8 ROWAN CLOSE lies on this distribution: 21% of semi-detached houses houses are smaller than 8 ROWAN CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Nork.

8 ROWAN CLOSE: Plot and Title Map

8 ROWAN CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 8 ROWAN 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 ROWAN 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 ROWAN CLOSE?

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