5, FARM CLOSE, CHIPSTEAD, COULSDON, CR5 3PT - £1,400,000

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.

5 FARM CLOSE is a large detached house of 282m², built sometime between 1983 and 1990, which could now be worth an estimated £1,386,312. It was last sold for £1,400,000 in May 2023, which was around 54% above the average May 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

5 FARM CLOSE Sold Prices

Land registry data shows two sales for 5 FARM 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. Both of the two 5 FARM CLOSE sales were for above 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 5 MAY	£1,400,000	£907,493	54% above HPI
2001 2 NOV	£795,000	£334,791	137% above HPI

5 FARM 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 5 FARM CLOSE sales from November 2001 and May 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 November 2001 sale was for 137% above the HPI. So the extrapolation line tracks at 137% above the HPI over time, until the May 2023 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 5 FARM CLOSE be worth now?

5 FARM CLOSE might now be worth an estimated £1,386,312.

This is based on house price deflation of 1%, between May 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% deflationary decrease is applied to the most recent sale price for 5 FARM CLOSE of £1,400,000 on 5th May 2023. For the value to have decreased from £1,400,000 to £1,386,312 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 5 FARM CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2023 sale price of £1,400,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FARM CLOSE has not materially changed since May 2023.

How Large is 5 FARM CLOSE?

5 FARM CLOSE is 282m² according to the EPC inspection conducted in February 2020. This puts it in the largest 30% of detached houses houses in Chipstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chipstead, and where 5 FARM CLOSE lies on this distribution: 77% of detached houses houses are smaller than 5 FARM CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Chipstead.

5 FARM CLOSE: Plot and Title Map

5 FARM CLOSE sits on a plot of roughly 0.486 of an acre, or 1,966m². The below map shows the location of 5 FARM 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 5 FARM 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 5 FARM CLOSE?

5 FARM CLOSE is located in CHIPSTEAD, in the CR5 postcode district. The below map shows the position of No. 5 on FARM CLOSE.