16, HARKNESS CLOSE, EPSOM, KT17 3PG - £587,500

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

16 HARKNESS CLOSE is a very small extended detached house of 73m², built sometime between 1976 and 1982, which could now be worth an estimated £586,421. It was last sold for £587,500 in May 2024, which was around 35% below the average May 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

16 HARKNESS CLOSE Sold Prices

Land registry data shows four sales for 16 HARKNESS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 16 HARKNESS CLOSE sales were for below 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
2024 24 MAY	£587,500	£900,273	35% below HPI
2017 12 JAN	£490,500	£761,370	36% below HPI
2001 30 NOV	£228,000	£334,791	32% below HPI
1998 13 MAR	£150,000	£198,416	24% below HPI

16 HARKNESS 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 four 16 HARKNESS CLOSE sales between March 1998 and May 2024 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 January 2017 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2024 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 16 HARKNESS CLOSE be worth now?

16 HARKNESS CLOSE might now be worth an estimated £586,421.

This is based on house price deflation of 0.2%, between May 2024 and February 2025, 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 0.2% deflationary decrease is applied to the most recent sale price for 16 HARKNESS CLOSE of £587,500 on 24th May 2024. For the value to have decreased from £587,500 to £586,421 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 16 HARKNESS CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2024 sale price of £587,500 represented a fair market value for the property.
• The size, condition, and specification of 16 HARKNESS CLOSE has not materially changed since May 2024.

How Large is 16 HARKNESS CLOSE?

16 HARKNESS CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% of detached houses houses in Great Burgh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Burgh, and where 16 HARKNESS CLOSE lies on this distribution: 1% of detached houses houses are smaller than 16 HARKNESS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Great Burgh.

16 HARKNESS CLOSE: Plot and Title Map

16 HARKNESS CLOSE sits on a plot of roughly 0.197 of an acre, or 799m². The below map shows the location of 16 HARKNESS 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 16 HARKNESS 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 16 HARKNESS CLOSE?

16 HARKNESS CLOSE is located in EPSOM, in the KT17 postcode district. The below map shows the position of No. 16 on HARKNESS CLOSE.