18, HEATH CLOSE, BANSTEAD, SM7 3QU - £550,000

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.

18 HEATH CLOSE is a large extended detached house of 159m², built sometime between 1930 and 1949, which could now be worth an estimated £829,243. It was last sold for £550,000 in February 2014, which was around 8% below the average February 2014 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

18 HEATH CLOSE Sold Prices

Land registry data shows three sales for 18 HEATH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 18 HEATH 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
2014 14 FEB	£550,000	£596,015	8% below HPI
2007 26 APR	£465,000	£489,401	5% below HPI
2004 14 MAY	£389,000	£413,382	6% below HPI

18 HEATH 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 three 18 HEATH CLOSE sales between May 2004 and February 2014 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 April 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2014 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 18 HEATH CLOSE be worth now?

18 HEATH CLOSE might now be worth an estimated £829,243.

This is based on house price inflation of 50.8%, between February 2014 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 50.8% inflationary increase is applied to the most recent sale price for 18 HEATH CLOSE of £550,000 on 14th February 2014. For the value to have increased from £550,000 to £829,243 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 18 HEATH CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The February 2014 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 18 HEATH CLOSE has not materially changed since February 2014.

How Large is 18 HEATH CLOSE?

18 HEATH CLOSE is 159m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the largest 40% of detached houses houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banstead, and where 18 HEATH CLOSE lies on this distribution: 62% of detached houses houses are smaller than 18 HEATH CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Banstead.

18 HEATH CLOSE: Plot and Title Map

18 HEATH CLOSE sits on a plot of roughly 0.147 of an acre, or 593m². The below map shows the location of 18 HEATH 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 18 HEATH 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 18 HEATH CLOSE?

18 HEATH CLOSE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 18 on HEATH CLOSE.