8, JASON CLOSE, REDHILL, RH1 5HG - £490,000

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.

8 JASON CLOSE is a small extended detached house of 114m², built sometime between 1950 and 1966, which could now be worth an estimated £567,555. It was last sold for £490,000 in October 2017, which was around 39% below the average October 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

8 JASON CLOSE Sold Prices

Land registry data shows four sales for 8 JASON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 8 JASON 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 31 OCT	£490,000	£802,232	39% below HPI
2017 5 JAN	£412,500	£761,370	46% below HPI
1998 16 JUN	£155,950	£211,293	26% below HPI
1996 28 MAY	£112,000	£152,404	27% below HPI

8 JASON 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 four 8 JASON CLOSE sales between May 1996 and October 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 January 2017 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the October 2017 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 8 JASON CLOSE be worth now?

8 JASON CLOSE might now be worth an estimated £567,555.

This is based on house price inflation of 15.8%, between October 2017 and June 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 15.8% inflationary increase is applied to the most recent sale price for 8 JASON CLOSE of £490,000 on 31st October 2017. For the value to have increased from £490,000 to £567,555 over the eight years and four months to June 2025, the following assumptions must hold true:

• The value of 8 JASON CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The October 2017 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 8 JASON CLOSE has not materially changed since October 2017.

How Large is 8 JASON CLOSE?

8 JASON CLOSE is 114m², which includes two extensions, according to the EPC inspection conducted in October 2016. 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 8 JASON CLOSE lies on this distribution: 36% of detached houses houses are smaller than 8 JASON CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Redhill.

8 JASON CLOSE: Plot and Title Map

8 JASON CLOSE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 8 JASON 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 JASON 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 JASON CLOSE?

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