8, MELLOW CLOSE, BANSTEAD, SM7 3QR - £2,475,000

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 MELLOW CLOSE is a very large extended detached house of 584m², built sometime between 1950 and 1966. It was last sold for £2,475,000 in December 2023, which was around 184% above the average December 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was C.

8 MELLOW CLOSE Sold Prices

Land registry data shows three sales for 8 MELLOW CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 8 MELLOW CLOSE sales were for above 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
2023 5 DEC	£2,475,000	£872,557	184% above HPI
2018 16 FEB	£1,050,000	£748,613	40% above HPI
2013 27 JUN	£795,000	£530,645	50% above HPI

8 MELLOW 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 three 8 MELLOW CLOSE sales between June 2013 and December 2023 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 2018 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the December 2023 sale, where it rises to 184% above the HPI. The line then continues to track at 184% above the HPI.

How Large is 8 MELLOW CLOSE?

8 MELLOW CLOSE is 584m², which includes four extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 10% of detached houses in Banstead, based on EPC data. The below chart shows the distribution of detached houses by size in Banstead, and where 8 MELLOW CLOSE lies on this distribution: More than 99% of detached houses are smaller than 8 MELLOW CLOSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Banstead.

8 MELLOW CLOSE: Plot and Title Map

8 MELLOW CLOSE sits on a plot of roughly 0.353 of an acre, or 1,429m². The below map shows the location of 8 MELLOW 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 MELLOW 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 MELLOW CLOSE?

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