2, SOVEREIGN CLOSE, PURLEY, CR8 2JT - £900,000

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 SOVEREIGN CLOSE is a large extended detached house of 223m², built sometime between 1991 and 1995. It was last sold for £900,000 in August 2018, which was around 2% above the average August 2018 detached price in the Sutton local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

2 SOVEREIGN CLOSE Sold Prices

Land registry data shows four sales for 2 SOVEREIGN 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 Sutton local authority area for the corresponding sale date. All of the four 2 SOVEREIGN CLOSE sales were for above 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
2018 24 AUG	£900,000	£881,559	2% above HPI
2013 7 AUG	£740,000	£577,919	28% above HPI
1997 3 DEC	£307,000	£211,787	45% above HPI
1996 28 JUN	£300,000	£165,150	82% above HPI

2 SOVEREIGN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sutton local authority area over time, sourced from the HPI. The four 2 SOVEREIGN CLOSE sales between June 1996 and August 2018 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 August 2013 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2018 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 2 SOVEREIGN CLOSE?

2 SOVEREIGN CLOSE is 223m², which includes four extensions, according to the EPC inspection conducted in May 2013. This puts it in the largest 30% of detached houses in Purley, based on EPC data. The below chart shows the distribution of detached houses by size in Purley, and where 2 SOVEREIGN CLOSE lies on this distribution: 73% of detached houses are smaller than 2 SOVEREIGN CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Purley.

2 SOVEREIGN CLOSE: Plot and Title Map

2 SOVEREIGN CLOSE sits on a plot of roughly 0.169 of an acre, or 682m². The below map shows the location of 2 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN CLOSE?

2 SOVEREIGN CLOSE is located in PURLEY, in the CR8 postcode district. The below map shows the position of No. 2 on SOVEREIGN CLOSE.