5, ROWAN CLOSE, BANSTEAD, SM7 1BL - £695,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 ROWAN CLOSE is a small detached house of 119m², built sometime from 2007 onwards. It was last sold for £695,000 in July 2019, which was around 7% below the average July 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

5 ROWAN CLOSE Sold Prices

Land registry data shows three sales for 5 ROWAN 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 Reigate and Banstead local authority area for the corresponding sale date. All of the three 5 ROWAN 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
2019 16 JUL	£695,000	£744,867	7% below HPI
2014 18 JUL	£595,000	£598,744	1% below HPI
2009 24 JUL	£430,000	£432,942	1% below HPI

5 ROWAN 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 three 5 ROWAN CLOSE sales between July 2009 and July 2019 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 July 2014 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2019 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 5 ROWAN CLOSE?

5 ROWAN CLOSE is 119m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 5 ROWAN CLOSE lies on this distribution: 22% of detached houses are smaller than 5 ROWAN CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Nork.

5 ROWAN CLOSE: Plot and Title Map

5 ROWAN CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 5 ROWAN 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 ROWAN 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 ROWAN CLOSE?

5 ROWAN CLOSE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 5 on ROWAN CLOSE.