8, LARCHWOOD CLOSE, BANSTEAD, SM7 1HE - £395,000

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

8 LARCHWOOD CLOSE is a very small detached house of 78m², built sometime between 1950 and 1966. It was last sold for £395,000 in September 2009, which was around 12% below the average September 2009 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was D.

8 LARCHWOOD CLOSE Sold Prices

Land registry data shows two sales for 8 LARCHWOOD 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 LARCHWOOD 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
2009 30 SEP	£395,000	£449,199	12% below HPI
1996 16 OCT	£122,500	£153,386	20% below HPI

8 LARCHWOOD 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 LARCHWOOD CLOSE sales from October 1996 and September 2009 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 October 1996 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2009 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 8 LARCHWOOD CLOSE?

8 LARCHWOOD CLOSE is 78m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 10% of detached houses in Nork, based on EPC data. The below chart shows the distribution of detached houses by size in Nork, and where 8 LARCHWOOD CLOSE lies on this distribution: 3% of detached houses are smaller than 8 LARCHWOOD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Nork.

8 LARCHWOOD CLOSE: Plot and Title Map

8 LARCHWOOD CLOSE sits on a plot of roughly 0.184 of an acre, or 743m². The below map shows the location of 8 LARCHWOOD 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 LARCHWOOD 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 LARCHWOOD CLOSE?

8 LARCHWOOD CLOSE is located in BANSTEAD, in the SM7 postcode district. The below map shows the position of No. 8 on LARCHWOOD CLOSE.