3, HEIGHTS CLOSE, BANSTEAD, SM7 1DR - £1,055,000

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 HEIGHTS CLOSE is a midsized detached house of 144m², built sometime between 1950 and 1966, which could now be worth an estimated £1,040,205. It was last sold for £1,055,000 in March 2023, which was around 16% above the average March 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

3 HEIGHTS CLOSE Sold Prices

Land registry data shows two sales for 3 HEIGHTS 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 3 HEIGHTS 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
2023 28 MAR	£1,055,000	£911,401	16% above HPI
2015 28 APR	£650,000	£677,988	4% below HPI

3 HEIGHTS 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 HEIGHTS CLOSE sales from April 2015 and March 2023 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 April 2015 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2023 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 3 HEIGHTS CLOSE be worth now?

3 HEIGHTS CLOSE might now be worth an estimated £1,040,205.

This is based on house price deflation of 1.4%, between March 2023 and February 2025, 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 1.4% deflationary decrease is applied to the most recent sale price for 3 HEIGHTS CLOSE of £1,055,000 on 28th March 2023. For the value to have decreased from £1,055,000 to £1,040,205 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 3 HEIGHTS CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The March 2023 sale price of £1,055,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HEIGHTS CLOSE has not materially changed since March 2023.

How Large is 3 HEIGHTS CLOSE?

3 HEIGHTS CLOSE is 144m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 50% of detached houses houses in Nork, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nork, and where 3 HEIGHTS CLOSE lies on this distribution: 47% of detached houses houses are smaller than 3 HEIGHTS CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Nork.

3 HEIGHTS CLOSE: Plot and Title Map

3 HEIGHTS CLOSE sits on a plot of roughly 0.255 of an acre, or 1,032m². The below map shows the location of 3 HEIGHTS 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 HEIGHTS 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 HEIGHTS CLOSE?

3 HEIGHTS CLOSE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 3 on HEIGHTS CLOSE.