4, SOUTH CLOSE GREEN, MERSTHAM, REDHILL, RH1 3DU - £610,000

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.

4 SOUTH CLOSE GREEN is a large extended detached house of 157m², built sometime between 1950 and 1966, which could now be worth an estimated £905,683. It was last sold for £610,000 in May 2014, which was around 1% above the average May 2014 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

4 SOUTH CLOSE GREEN Sold Prices

Land registry data shows two sales for 4 SOUTH CLOSE GREEN 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 4 SOUTH CLOSE GREEN 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
2014 16 MAY	£610,000	£605,243	1% above HPI
2000 16 FEB	£250,000	£267,622	7% below HPI

4 SOUTH CLOSE GREEN 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 4 SOUTH CLOSE GREEN sales from February 2000 and May 2014 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 February 2000 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2014 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 4 SOUTH CLOSE GREEN be worth now?

4 SOUTH CLOSE GREEN might now be worth an estimated £905,683.

This is based on house price inflation of 48.5%, between May 2014 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 48.5% inflationary increase is applied to the most recent sale price for 4 SOUTH CLOSE GREEN of £610,000 on 16th May 2014. For the value to have increased from £610,000 to £905,683 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 4 SOUTH CLOSE GREEN has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2014 sale price of £610,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SOUTH CLOSE GREEN has not materially changed since May 2014.

How Large is 4 SOUTH CLOSE GREEN?

4 SOUTH CLOSE GREEN is 157m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the largest 30% of detached houses houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Merstham, and where 4 SOUTH CLOSE GREEN lies on this distribution: 79% of detached houses houses are smaller than 4 SOUTH CLOSE GREEN, and 21% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

4 SOUTH CLOSE GREEN: Plot and Title Map

4 SOUTH CLOSE GREEN sits on a plot of roughly 0.194 of an acre, or 786m². The below map shows the location of 4 SOUTH CLOSE GREEN, 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 4 SOUTH CLOSE GREEN). 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 4 SOUTH CLOSE GREEN?

4 SOUTH CLOSE GREEN is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 4 on SOUTH CLOSE GREEN.