3, ORCHARD CLOSE, BANSTEAD, SM7 3QN - £722,500

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.

3 ORCHARD CLOSE is a very small extended detached house of 100m², built sometime between 1930 and 1949, which could now be worth an estimated £756,175. It was last sold for £722,500 in October 2021, which was around 16% below the average October 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was C.

3 ORCHARD CLOSE Sold Prices

Land registry data shows three sales for 3 ORCHARD 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 ORCHARD 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
2021 12 OCT	£722,500	£858,602	16% below HPI
2013 18 JAN	£422,000	£551,323	23% below HPI
2010 26 MAR	£365,000	£506,017	28% below HPI

3 ORCHARD 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 ORCHARD CLOSE sales between March 2010 and October 2021 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 January 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 ORCHARD CLOSE be worth now?

3 ORCHARD CLOSE might now be worth an estimated £756,175.

This is based on house price inflation of 4.7%, between October 2021 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 4.7% inflationary increase is applied to the most recent sale price for 3 ORCHARD CLOSE of £722,500 on 12th October 2021. For the value to have increased from £722,500 to £756,175 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 ORCHARD CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2021 sale price of £722,500 represented a fair market value for the property.
• The size, condition, and specification of 3 ORCHARD CLOSE has not materially changed since October 2021.

How Large is 3 ORCHARD CLOSE?

3 ORCHARD CLOSE is 100m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% of detached houses houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banstead, and where 3 ORCHARD CLOSE lies on this distribution: 12% of detached houses houses are smaller than 3 ORCHARD CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Banstead.

3 ORCHARD CLOSE: Plot and Title Map

3 ORCHARD CLOSE sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 3 ORCHARD 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 ORCHARD 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 ORCHARD CLOSE?

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