2, PANNELL CLOSE, EAST GRINSTEAD, RH19 1DA - £392,500

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.

2 PANNELL CLOSE is a small detached house of 94m², built sometime between 1950 and 1966, which could now be worth an estimated £491,548. It was last sold for £392,500 in December 2016, which was around 34% below the average December 2016 detached price in the Mid Sussex local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

2 PANNELL CLOSE Sold Prices

Land registry data shows three sales for 2 PANNELL 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 Mid Sussex local authority area for the corresponding sale date. All of the three 2 PANNELL 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
2016 2 DEC	£392,500	£596,967	34% below HPI
2013 8 JUL	£281,000	£444,606	37% below HPI
2000 8 DEC	£182,500	£246,235	26% below HPI

2 PANNELL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Sussex local authority area over time, sourced from the HPI. The three 2 PANNELL CLOSE sales between December 2000 and December 2016 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 July 2013 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the December 2016 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2 PANNELL CLOSE be worth now?

2 PANNELL CLOSE might now be worth an estimated £491,548.

This is based on house price inflation of 25.2%, between December 2016 and February 2025, for detached houses, in the Mid Sussex local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.2% inflationary increase is applied to the most recent sale price for 2 PANNELL CLOSE of £392,500 on 2nd December 2016. For the value to have increased from £392,500 to £491,548 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 PANNELL CLOSE has moved in line with the HPI for detached houses in the Mid Sussex local authority area.
• The December 2016 sale price of £392,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PANNELL CLOSE has not materially changed since December 2016.

How Large is 2 PANNELL CLOSE?

2 PANNELL CLOSE is 94m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 30% of detached houses houses in East Grinstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Grinstead, and where 2 PANNELL CLOSE lies on this distribution: 22% of detached houses houses are smaller than 2 PANNELL CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in East Grinstead.

2 PANNELL CLOSE: Plot and Title Map

2 PANNELL CLOSE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 2 PANNELL 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 PANNELL 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 PANNELL CLOSE?

2 PANNELL CLOSE is located in EAST GRINSTEAD, in the RH19 postcode district. The below map shows the position of No. 2 on PANNELL CLOSE.