2, THE CLOSE, REIGATE, RH2 7BN - £480,000

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 THE CLOSE is a very small semi-detached house of 55m², built sometime between 1930 and 1949, which could now be worth an estimated £913,503. It was last sold for £480,000 in December 2011, which was around 64% above the average December 2011 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2011, where the current energy rating was E, and the potential energy rating was E.

2 THE CLOSE Sold Prices

Land registry data shows one sale for 2 THE CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-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
2011 14 DEC	£480,000	£292,496	64% above HPI

What might 2 THE CLOSE be worth now?

2 THE CLOSE might now be worth an estimated £913,503.

This is based on house price inflation of 90.3%, between December 2011 and April 2026, 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 90.3% inflationary increase is applied to the most recent sale price for 2 THE CLOSE of £480,000 on 14th December 2011. For the value to have increased from £480,000 to £913,503 over the fifteen years and eight months to April 2026, the following assumptions must hold true:

• The value of 2 THE CLOSE has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The December 2011 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE CLOSE has not materially changed since December 2011.

How Large is 2 THE CLOSE?

2 THE CLOSE is 55m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 10% of semi-detached houses in Reigate, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Reigate, and where 2 THE CLOSE lies on this distribution: 1% of semi-detached houses are smaller than 2 THE CLOSE, and 99% of semi-detached houses are larger. Note that EPC data is not available for all properties in Reigate.

2 THE CLOSE: Plot

2 THE CLOSE sits on a plot of roughly 0.094 of an acre, or 379m².

Where is 2 THE CLOSE?

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