1, THE CLOSE, REIGATE, RH2 7BN - £500,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 THE CLOSE is a midsized extended detached house of 164m², built sometime between 1900 and 1929. It was last sold for £500,000 in March 2007, which was around 3% above the average March 2007 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2015, where the current energy rating was F, and the potential energy rating was C.

1 THE CLOSE Sold Prices

Land registry data shows two sales for 1 THE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 1 THE 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
2007 29 MAR	£500,000	£485,140	3% above HPI
2001 28 MAR	£314,000	£309,407	1% above HPI

1 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two 1 THE CLOSE sales from March 2001 and March 2007 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2001 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the March 2007 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 1 THE CLOSE be worth now?

1 THE CLOSE might now be worth an estimated £930,025.

This is based on house price inflation of 86%, between March 2007 and December 2024, 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 86% inflationary increase is applied to the most recent sale price for 1 THE CLOSE of £500,000 on 29th March 2007. For the value to have increased from £500,000 to £930,025 over the sixteen years and three months to December 2024, the following assumptions must hold true:

• The value of 1 THE CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The March 2007 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE CLOSE has not materially changed since March 2007.

How Large is 1 THE CLOSE?

1 THE CLOSE is 164m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 50% of detached houses houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reigate, and where 1 THE CLOSE lies on this distribution: 51% of detached houses houses are smaller than 1 THE CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Reigate.

1 THE CLOSE: Plot and Title Map

1 THE CLOSE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 1 THE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 THE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 THE CLOSE?

1 THE CLOSE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 1 on THE CLOSE.