4, ROWAN CLOSE, BANSTEAD, SM7 1BL - £420,000

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.

4 ROWAN CLOSE is a large flat of 72m², built sometime from 2007 onwards, which could now be worth an estimated £399,403. It was last sold for £420,000 in August 2022, which was around 48% above the average August 2022 flat price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was C.

4 ROWAN CLOSE Sold Prices

Land registry data shows four sales for 4 ROWAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 4 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
2022 26 AUG	£420,000	£283,581	48% above HPI
2017 6 APR	£390,000	£254,516	53% above HPI
2014 31 JAN	£305,000	£193,509	58% above HPI
2009 26 JUN	£220,000	£164,939	33% above HPI

What might 4 ROWAN CLOSE be worth now?

4 ROWAN CLOSE might now be worth an estimated £399,403.

This is based on house price deflation of 4.9%, between August 2022 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 4.9% deflationary decrease is applied to the most recent sale price for 4 ROWAN CLOSE of £420,000 on 26th August 2022. For the value to have decreased from £420,000 to £399,403 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of 4 ROWAN CLOSE has moved in line with the HPI for flats in the Reigate and Banstead local authority area.
• The August 2022 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ROWAN CLOSE has not materially changed since August 2022.

How Large is 4 ROWAN CLOSE?

4 ROWAN CLOSE is 72m² according to the EPC inspection conducted in September 2013. This puts it in the largest 40% of flats in Nork, based on EPC data. 66% of flats are smaller than 4 ROWAN CLOSE, and 32% of flats are larger. Note that EPC data is not available for all properties in Nork.

4 ROWAN CLOSE: Plot

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

Where is 4 ROWAN CLOSE?

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