6, CHERRY CLOSE, BANSTEAD, SM7 1LF - £580,000

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

6 CHERRY CLOSE is a small extended detached house of 121m², built sometime between 1967 and 1975. It was last sold for £580,000 in June 2017, which was around 23% below the average June 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

6 CHERRY CLOSE Sold Prices

Land registry data shows two sales for 6 CHERRY 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 6 CHERRY 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
2017 12 JUN	£580,000	£756,854	23% below HPI
1996 14 JUN	£143,000	£149,667	4% below HPI

6 CHERRY 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 6 CHERRY CLOSE sales from June 1996 and June 2017 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 June 1996 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2017 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 6 CHERRY CLOSE?

6 CHERRY CLOSE is 121m², which includes four extensions, according to the EPC inspection conducted in September 2016. 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 6 CHERRY CLOSE lies on this distribution: 24% of detached houses are smaller than 6 CHERRY CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Nork.

6 CHERRY CLOSE: Plot and Title Map

6 CHERRY CLOSE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 6 CHERRY 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 CHERRY 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 CHERRY CLOSE?

6 CHERRY CLOSE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 6 on CHERRY CLOSE.