5, HEATHER CLOSE, REDHILL, RH1 2JL - £550,000

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 HEATHER CLOSE is a small extended detached house of 95m², built sometime between 1991 and 1995, which could now be worth an estimated £602,987. It was last sold for £550,000 in June 2021, which was around 33% below the average June 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

5 HEATHER CLOSE Sold Prices

Land registry data shows four sales for 5 HEATHER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 5 HEATHER 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 7 JUN	£550,000	£819,655	33% below HPI
2015 31 MAR	£360,000	£675,217	47% below HPI
2006 27 NOV	£153,190	£460,880	67% below HPI
1995 1 SEP	£104,995	£156,859	33% below HPI

5 HEATHER 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 four 5 HEATHER CLOSE sales between September 1995 and June 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 March 2015 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the June 2021 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 5 HEATHER CLOSE be worth now?

5 HEATHER CLOSE might now be worth an estimated £602,987.

This is based on house price inflation of 9.6%, between June 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 9.6% inflationary increase is applied to the most recent sale price for 5 HEATHER CLOSE of £550,000 on 7th June 2021. For the value to have increased from £550,000 to £602,987 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 5 HEATHER CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The June 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 5 HEATHER CLOSE has not materially changed since June 2021.

How Large is 5 HEATHER CLOSE?

5 HEATHER CLOSE is 95m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of detached houses houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redhill, and where 5 HEATHER CLOSE lies on this distribution: 20% of detached houses houses are smaller than 5 HEATHER CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Redhill.

5 HEATHER CLOSE: Plot and Title Map

5 HEATHER CLOSE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 5 HEATHER 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 HEATHER 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 HEATHER CLOSE?

5 HEATHER CLOSE is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 5 on HEATHER CLOSE.