8, GRANGE CLOSE, MERSTHAM, REDHILL, RH1 3DY - £835,000

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

8 GRANGE CLOSE is a midsized detached house of 130m², built sometime between 1950 and 1966. It was last sold for £835,000 in November 2022, which was around 8% below the average November 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2022, where the current energy rating was E, and the potential energy rating was C.

8 GRANGE CLOSE Sold Prices

Land registry data shows two sales for 8 GRANGE 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 8 GRANGE 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
2022 18 NOV	£835,000	£905,130	8% below HPI
2000 15 DEC	£225,000	£294,533	24% below HPI

8 GRANGE 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 8 GRANGE CLOSE sales from December 2000 and November 2022 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 December 2000 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 8 GRANGE CLOSE?

8 GRANGE CLOSE is 130m² according to the EPC inspection conducted in February 2022. This puts it in the largest 50% of detached houses in South Merstham, based on EPC data. The below chart shows the distribution of detached houses by size in South Merstham, and where 8 GRANGE CLOSE lies on this distribution: 56% of detached houses are smaller than 8 GRANGE CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in South Merstham.

8 GRANGE CLOSE: Plot and Title Map

8 GRANGE CLOSE sits on a plot of roughly 0.155 of an acre, or 626m². The below map shows the location of 8 GRANGE 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 8 GRANGE 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 8 GRANGE CLOSE?

8 GRANGE CLOSE is located in MERSTHAM, in the RH1 postcode district. The below map shows the position of No. 8 on GRANGE CLOSE.