2, CHERRY CLOSE, BANSTEAD, SM7 1LF - £520,000

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.

2 CHERRY CLOSE is a very small detached house of 85m², built sometime between 1976 and 1982, which could now be worth an estimated £632,796. It was last sold for £520,000 in October 2016, which was around 33% below the average October 2016 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

2 CHERRY CLOSE Sold Prices

Land registry data shows one sale for 2 CHERRY 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
2016 12 OCT	£520,000	£779,709	33% below HPI

What might 2 CHERRY CLOSE be worth now?

2 CHERRY CLOSE might now be worth an estimated £632,796.

This is based on house price inflation of 21.7%, between October 2016 and April 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 21.7% inflationary increase is applied to the most recent sale price for 2 CHERRY CLOSE of £520,000 on 12th October 2016. For the value to have increased from £520,000 to £632,796 over the ten years and six months to April 2026, the following assumptions must hold true:

• The value of 2 CHERRY CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2016 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHERRY CLOSE has not materially changed since October 2016.

How Large is 2 CHERRY CLOSE?

2 CHERRY CLOSE is 85m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 2 CHERRY CLOSE lies on this distribution: 4% of detached houses are smaller than 2 CHERRY CLOSE, and 96% of detached houses are larger. Note that EPC data is not available for all properties in Nork.

2 CHERRY CLOSE: Plot

2 CHERRY CLOSE sits on a plot of roughly 0.107 of an acre, or 432m².

Where is 2 CHERRY CLOSE?

2 CHERRY CLOSE is located in BANSTEAD, in the SM7 postcode district.