7, CARTMEL CLOSE, REIGATE, RH2 0LS - £640,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 CARTMEL CLOSE is a small extended detached house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £709,105. It was last sold for £640,000 in September 2018, which was around 21% below the average September 2018 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

7 CARTMEL CLOSE Sold Prices

Land registry data shows two sales for 7 CARTMEL 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 7 CARTMEL 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
2018 17 SEP	£640,000	£814,444	21% below HPI
2000 24 FEB	£225,000	£267,622	16% below HPI

7 CARTMEL 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 7 CARTMEL CLOSE sales from February 2000 and September 2018 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 February 2000 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2018 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 7 CARTMEL CLOSE be worth now?

7 CARTMEL CLOSE might now be worth an estimated £709,105.

This is based on house price inflation of 10.8%, between September 2018 and December 2024, 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 10.8% inflationary increase is applied to the most recent sale price for 7 CARTMEL CLOSE of £640,000 on 17th September 2018. For the value to have increased from £640,000 to £709,105 over the five years and nine months to December 2024, the following assumptions must hold true:

• The value of 7 CARTMEL CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The September 2018 sale price of £640,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CARTMEL CLOSE has not materially changed since September 2018.

How Large is 7 CARTMEL CLOSE?

7 CARTMEL CLOSE is 114m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the smallest 40% 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 7 CARTMEL CLOSE lies on this distribution: 37% of detached houses houses are smaller than 7 CARTMEL CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Redhill.

7 CARTMEL CLOSE: Plot and Title Map

7 CARTMEL CLOSE sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 7 CARTMEL 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 7 CARTMEL 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 7 CARTMEL CLOSE?

7 CARTMEL CLOSE is located in REIGATE, in the RH2 postcode district. The below map shows the position of No. 7 on CARTMEL CLOSE.