7, CHERRY CLOSE, BANSTEAD, SM7 1LF - £762,000

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.

7 CHERRY CLOSE is a small extended detached house of 132m², built sometime between 1976 and 1982, which could now be worth an estimated £761,583. It was last sold for £762,000 in November 2022, which was around 20% below the average November 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

7 CHERRY CLOSE Sold Prices

Land registry data shows one sale for 7 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
2022 18 NOV	£762,000	£949,359	20% below HPI

What might 7 CHERRY CLOSE be worth now?

7 CHERRY CLOSE might now be worth an estimated £761,583.

This is based on house price deflation of 0.1%, between November 2022 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 0.1% deflationary decrease is applied to the most recent sale price for 7 CHERRY CLOSE of £762,000 on 18th November 2022. For the value to have decreased from £762,000 to £761,583 over the four years and seven months to April 2026, the following assumptions must hold true:

• The value of 7 CHERRY CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The November 2022 sale price of £762,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHERRY CLOSE has not materially changed since November 2022.

How Large is 7 CHERRY CLOSE?

7 CHERRY CLOSE is 132m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 7 CHERRY CLOSE lies on this distribution: 34% of detached houses are smaller than 7 CHERRY CLOSE, and 65% of detached houses are larger. Note that EPC data is not available for all properties in Nork.

7 CHERRY CLOSE: Plot

7 CHERRY CLOSE sits on a plot of roughly 0.137 of an acre, or 554m².

Where is 7 CHERRY CLOSE?

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