2, ROWAN CLOSE, BANSTEAD, SM7 1BL - £365,000

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 ROWAN CLOSE is a small flat of 64m², built sometime from 2007 onwards, which could now be worth an estimated £399,668. It was last sold for £365,000 in March 2019, which was around 48% above the average March 2019 flat 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.

2 ROWAN CLOSE Sold Prices

Land registry data shows three sales for 2 ROWAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 2 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
2019 19 MAR	£365,000	£246,282	48% above HPI
2017 6 JAN	£375,000	£251,575	49% above HPI
2008 19 DEC	£235,000	£172,997	36% above HPI

What might 2 ROWAN CLOSE be worth now?

2 ROWAN CLOSE might now be worth an estimated £399,668.

This is based on house price inflation of 9.5%, between March 2019 and May 2026, for flats, 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 9.5% inflationary increase is applied to the most recent sale price for 2 ROWAN CLOSE of £365,000 on 19th March 2019. For the value to have increased from £365,000 to £399,668 over the six years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 ROWAN CLOSE has moved in line with the HPI for flats in the Reigate and Banstead local authority area.
• The March 2019 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ROWAN CLOSE has not materially changed since March 2019.

How Large is 2 ROWAN CLOSE?

2 ROWAN CLOSE is 64m² according to the EPC inspection conducted in May 2008. This puts it in the smallest 40% of flats in Nork, based on EPC data. 37% of flats are smaller than 2 ROWAN CLOSE, and 62% of flats are larger. Note that EPC data is not available for all properties in Nork.

2 ROWAN CLOSE: Plot

2 ROWAN CLOSE sits on a plot of roughly 0.253 of an acre, or 1,022m².

Where is 2 ROWAN CLOSE?

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