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

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

5 HEATHER CLOSE is a small extended detached house of 95m², built sometime between 1991 and 1995. It was last sold for £550,000 in June 2021, which was around 30% 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	£781,469	30% below HPI
2015 31 MAR	£360,000	£643,760	44% below HPI
2006 27 NOV	£153,190	£439,408	65% below HPI
1995 1 SEP	£104,995	£149,551	30% 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 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the June 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

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 in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 5 HEATHER CLOSE lies on this distribution: 21% of detached houses are smaller than 5 HEATHER CLOSE, and 78% 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.