3, HAREWOOD CLOSE, REIGATE, RH2 0HE - £1,450,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 HAREWOOD CLOSE is a large extended detached house of 190m², built sometime between 1950 and 1966. It was last sold for £1,450,000 in December 2022, which was around 53% above the average December 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was C.

3 HAREWOOD CLOSE Sold Prices

Land registry data shows three sales for 3 HAREWOOD 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 3 HAREWOOD 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
2022 20 DEC	£1,450,000	£950,699	53% above HPI
2015 17 DEC	£805,000	£734,788	10% above HPI
1999 14 OCT	£280,000	£254,342	10% above HPI

3 HAREWOOD 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 3 HAREWOOD CLOSE sales between October 1999 and December 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 2015 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the December 2022 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might 3 HAREWOOD CLOSE be worth now?

3 HAREWOOD CLOSE might now be worth an estimated £1,376,312.

This is based on house price deflation of 5.1%, between December 2022 and December 2024, 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 5.1% deflationary decrease is applied to the most recent sale price for 3 HAREWOOD CLOSE of £1,450,000 on 20th December 2022. For the value to have decreased from £1,450,000 to £1,376,312 over the two years to December 2024, the following assumptions must hold true:

• The value of 3 HAREWOOD CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The December 2022 sale price of £1,450,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HAREWOOD CLOSE has not materially changed since December 2022.

How Large is 3 HAREWOOD CLOSE?

3 HAREWOOD CLOSE is 190m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 40% of detached houses houses in Reigate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reigate, and where 3 HAREWOOD CLOSE lies on this distribution: 65% of detached houses houses are smaller than 3 HAREWOOD CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Reigate.

3 HAREWOOD CLOSE: Plot and Title Map

3 HAREWOOD CLOSE sits on a plot of roughly 0.295 of an acre, or 1,193m². The below map shows the location of 3 HAREWOOD 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 HAREWOOD 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 HAREWOOD CLOSE?

3 HAREWOOD CLOSE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 3 on HAREWOOD CLOSE.