2, LARCHWOOD CLOSE, BANSTEAD, SM7 1HE - £560,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 LARCHWOOD CLOSE is a midsized extended detached house of 147m², built sometime between 1950 and 1966. It was last sold for £560,000 in February 2007, which was around 23% above the average February 2007 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

2 LARCHWOOD CLOSE Sold Prices

Land registry data shows two sales for 2 LARCHWOOD 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 2 LARCHWOOD 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
2007 2 FEB	£560,000	£457,000	23% above HPI
2002 10 SEP	£350,000	£359,872	3% below HPI

2 LARCHWOOD 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 2 LARCHWOOD CLOSE sales from September 2002 and February 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 September 2002 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2007 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 2 LARCHWOOD CLOSE?

2 LARCHWOOD CLOSE is 147m², which includes three extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 50% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 2 LARCHWOOD CLOSE lies on this distribution: 50% of detached houses are smaller than 2 LARCHWOOD CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Nork.

2 LARCHWOOD CLOSE: Plot and Title Map

2 LARCHWOOD CLOSE sits on a plot of roughly 0.165 of an acre, or 667m². The below map shows the location of 2 LARCHWOOD 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 2 LARCHWOOD 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 2 LARCHWOOD CLOSE?

2 LARCHWOOD CLOSE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 2 on LARCHWOOD CLOSE.