6, BANKS CLOSE, HORLEY, RH6 8GF - £652,500

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.

6 BANKS CLOSE is a large detached house of 142m², which could now be worth an estimated £651,302. It was last sold for £652,500 in May 2024, which was around 28% below the average May 2024 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2017, where the current energy rating was B, and the potential energy rating was B.

6 BANKS CLOSE Sold Prices

Land registry data shows three sales for 6 BANKS 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 6 BANKS 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
2024 16 MAY	£652,500	£900,273	28% below HPI
2021 7 JAN	£605,000	£840,176	28% below HPI
2017 27 OCT	£560,000	£802,232	30% below HPI

6 BANKS 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 6 BANKS CLOSE sales between October 2017 and May 2024 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 January 2021 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2024 sale, which was also at 28% below the HPI.

What might 6 BANKS CLOSE be worth now?

6 BANKS CLOSE might now be worth an estimated £651,302.

This is based on house price deflation of 0.2%, between May 2024 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 0.2% deflationary decrease is applied to the most recent sale price for 6 BANKS CLOSE of £652,500 on 16th May 2024. For the value to have decreased from £652,500 to £651,302 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 6 BANKS CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2024 sale price of £652,500 represented a fair market value for the property.
• The size, condition, and specification of 6 BANKS CLOSE has not materially changed since May 2024.

How Large is 6 BANKS CLOSE?

6 BANKS CLOSE is 142m² according to the EPC inspection conducted in September 2017. This puts it in the largest 40% of detached houses houses in Horley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horley, and where 6 BANKS CLOSE lies on this distribution: 67% of detached houses houses are smaller than 6 BANKS CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Horley.

6 BANKS CLOSE: Plot and Title Map

6 BANKS CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 6 BANKS 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 6 BANKS 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 6 BANKS CLOSE?

6 BANKS CLOSE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 6 on BANKS CLOSE.