16, THE CLOSE, REIGATE, RH2 7BN - £1,050,000

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

16 THE CLOSE is a small extended detached house of 139m², built sometime between 1950 and 1966. It was last sold for £1,050,000 in July 2023, which was around 14% above the average July 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

16 THE CLOSE Sold Prices

Land registry data shows two sales for 16 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. One of the two 16 THE CLOSE sales was for above the average price, whilst the other was 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
2023 28 JUL	£1,050,000	£921,483	14% above HPI
2005 24 NOV	£390,000	£440,721	12% below HPI

16 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 16 THE CLOSE sales from November 2005 and July 2023 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 November 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2023 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 16 THE CLOSE be worth now?

16 THE CLOSE might now be worth an estimated £1,028,238.

This is based on house price deflation of 2.1%, between July 2023 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 2.1% deflationary decrease is applied to the most recent sale price for 16 THE CLOSE of £1,050,000 on 28th July 2023. For the value to have decreased from £1,050,000 to £1,028,238 over the seven months to December 2024, the following assumptions must hold true:

• The value of 16 THE CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The July 2023 sale price of £1,050,000 represented a fair market value for the property.
• The size, condition, and specification of 16 THE CLOSE has not materially changed since July 2023.

How Large is 16 THE CLOSE?

16 THE CLOSE is 139m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the smallest 40% 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 16 THE CLOSE lies on this distribution: 34% of detached houses houses are smaller than 16 THE CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Reigate.

16 THE CLOSE: Plot and Title Map

16 THE CLOSE sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of 16 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 16 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 16 THE CLOSE?

16 THE CLOSE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 16 on THE CLOSE.