3, BANKS CLOSE, HORLEY, RH6 8GF - £545,000

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

3 BANKS CLOSE is a midsized detached house of 118m². It was last sold for £545,000 in March 2022, which was around 35% below the average March 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2017, where the current energy rating was B, and the potential energy rating was B.

3 BANKS CLOSE Sold Prices

Land registry data shows two sales for 3 BANKS 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. Both of the two 3 BANKS 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
2022 31 MAR	£545,000	£844,554	35% below HPI
2017 8 DEC	£517,500	£750,432	31% below HPI

3 BANKS 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 3 BANKS CLOSE sales from December 2017 and March 2022 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 December 2017 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 3 BANKS CLOSE?

3 BANKS CLOSE is 118m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% of detached houses in Horley, based on EPC data. The below chart shows the distribution of detached houses by size in Horley, and where 3 BANKS CLOSE lies on this distribution: 47% of detached houses are smaller than 3 BANKS CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Horley.

3 BANKS CLOSE: Plot and Title Map

3 BANKS CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 3 BANKS 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 3 BANKS 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 3 BANKS CLOSE?

3 BANKS CLOSE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 3 on BANKS CLOSE.