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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 ORCHARD CLOSE is a very small extended detached house of 100m², built sometime between 1930 and 1949. It was last sold for £722,500 in October 2021, which was around 12% 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	£818,601	12% below HPI
2013 18 JAN	£422,000	£525,637	20% below HPI
2010 26 MAR	£365,000	£482,443	24% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

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 in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where 3 ORCHARD CLOSE lies on this distribution: 12% of detached 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.