18, THE CLOSE, REIGATE, RH2 7BN - £700,000

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.

18 THE CLOSE is a very small detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £819,102. It was last sold for £700,000 in December 2017, which was around 11% below the average December 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

18 THE CLOSE Sold Prices

Land registry data shows one sale for 18 THE CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 1 DEC	£700,000	£787,102	11% below HPI

What might 18 THE CLOSE be worth now?

18 THE CLOSE might now be worth an estimated £819,102.

This is based on house price inflation of 17%, between December 2017 and May 2026, 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 17% inflationary increase is applied to the most recent sale price for 18 THE CLOSE of £700,000 on 1st December 2017. For the value to have increased from £700,000 to £819,102 over the nine years and seven months to May 2026, the following assumptions must hold true:

• The value of 18 THE CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The December 2017 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 18 THE CLOSE has not materially changed since December 2017.

How Large is 18 THE CLOSE?

18 THE CLOSE is 90m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% of detached houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses by size in Reigate, and where 18 THE CLOSE lies on this distribution: 6% of detached houses are smaller than 18 THE CLOSE, and 94% of detached houses are larger. Note that EPC data is not available for all properties in Reigate.

18 THE CLOSE: Plot

18 THE CLOSE sits on a plot of roughly 0.177 of an acre, or 716m².

Where is 18 THE CLOSE?

18 THE CLOSE is located in REIGATE, in the RH2 postcode district.