5, WILLOW CLOSE, BANSTEAD, SM7 1BN - £375,000

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.

5 WILLOW CLOSE is a large flat of 72m², built sometime between 2007 and 2011, which could now be worth an estimated £378,066. It was last sold for £375,000 in December 2021, which was around 40% above the average December 2021 flat price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was C.

5 WILLOW CLOSE Sold Prices

Land registry data shows three sales for 5 WILLOW 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 5 WILLOW 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
2021 6 DEC	£375,000	£267,487	40% above HPI
2017 1 JUN	£365,000	£266,300	37% above HPI
2010 18 JUN	£235,000	£183,338	28% above HPI

What might 5 WILLOW CLOSE be worth now?

5 WILLOW CLOSE might now be worth an estimated £378,066.

This is based on house price inflation of 0.8%, between December 2021 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 0.8% inflationary increase is applied to the most recent sale price for 5 WILLOW CLOSE of £375,000 on 6th December 2021. For the value to have increased from £375,000 to £378,066 over the five years and seven months to May 2026, the following assumptions must hold true:

• The value of 5 WILLOW CLOSE has moved in line with the HPI for flats in the Reigate and Banstead local authority area.
• The December 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WILLOW CLOSE has not materially changed since December 2021.

How Large is 5 WILLOW CLOSE?

5 WILLOW CLOSE is 72m² according to the EPC inspection conducted in March 2021. This puts it in the largest 40% of flats in Nork, based on EPC data. 66% of flats are smaller than 5 WILLOW CLOSE, and 32% of flats are larger. Note that EPC data is not available for all properties in Nork.

5 WILLOW CLOSE: Plot

5 WILLOW CLOSE sits on a plot of roughly 0.084 of an acre, or 341m².

Where is 5 WILLOW CLOSE?

5 WILLOW CLOSE is located in BANSTEAD, in the SM7 postcode district.