3, RACKHAM CLOSE, CRAWLEY, RH11 8TB - £525,000

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 RACKHAM CLOSE is a small detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £553,942. It was last sold for £525,000 in May 2022, which was around 15% below the average May 2022 detached price in the Crawley local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

3 RACKHAM CLOSE Sold Prices

Land registry data shows three sales for 3 RACKHAM 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 Crawley local authority area for the corresponding sale date. The three 3 RACKHAM CLOSE sales were a mix of below the average price, and roughly equal to 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 27 MAY	£525,000	£619,227	15% below HPI
2010 28 MAY	£325,000	£353,065	8% below HPI
2002 28 MAR	£245,000	£245,354	Close to HPI

3 RACKHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Crawley local authority area over time, sourced from the HPI. The three 3 RACKHAM CLOSE sales between March 2002 and May 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 May 2010 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 3 RACKHAM CLOSE be worth now?

3 RACKHAM CLOSE might now be worth an estimated £553,942.

This is based on house price inflation of 5.5%, between May 2022 and February 2025, for detached houses, in the Crawley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.5% inflationary increase is applied to the most recent sale price for 3 RACKHAM CLOSE of £525,000 on 27th May 2022. For the value to have increased from £525,000 to £553,942 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 3 RACKHAM CLOSE has moved in line with the HPI for detached houses in the Crawley local authority area.
• The May 2022 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RACKHAM CLOSE has not materially changed since May 2022.

How Large is 3 RACKHAM CLOSE?

3 RACKHAM CLOSE is 98m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% of detached houses houses in Crawley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Crawley, and where 3 RACKHAM CLOSE lies on this distribution: 27% of detached houses houses are smaller than 3 RACKHAM CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Crawley.

3 RACKHAM CLOSE: Plot and Title Map

3 RACKHAM CLOSE sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 3 RACKHAM 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 RACKHAM 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 RACKHAM CLOSE?

3 RACKHAM CLOSE is located in CRAWLEY, in the RH11 postcode district. The below map shows the position of No. 3 on RACKHAM CLOSE.