8, SOVEREIGN CLOSE, PURLEY, CR8 2JT - £599,950

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

8 SOVEREIGN CLOSE is a midsized detached house of 175m², built sometime between 1996 and 2002. It was last sold for £599,950 in August 2012, which was around 12% above the average August 2012 detached price in the Sutton local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

8 SOVEREIGN CLOSE Sold Prices

Land registry data shows three sales for 8 SOVEREIGN 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 Sutton local authority area for the corresponding sale date. All of the three 8 SOVEREIGN 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
2012 24 AUG	£599,950	£533,534	12% above HPI
2002 15 JUL	£490,000	£380,537	29% above HPI
1997 24 JAN	£300,000	£173,887	73% above HPI

8 SOVEREIGN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sutton local authority area over time, sourced from the HPI. The three 8 SOVEREIGN CLOSE sales between January 1997 and August 2012 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 July 2002 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the August 2012 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 8 SOVEREIGN CLOSE be worth now?

8 SOVEREIGN CLOSE might now be worth an estimated £1,120,721.

This is based on house price inflation of 86.8%, between August 2012 and December 2024, for detached houses, in the Sutton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 86.8% inflationary increase is applied to the most recent sale price for 8 SOVEREIGN CLOSE of £599,950 on 24th August 2012. For the value to have increased from £599,950 to £1,120,721 over the eleven years and eight months to December 2024, the following assumptions must hold true:

• The value of 8 SOVEREIGN CLOSE has moved in line with the HPI for detached houses in the Sutton local authority area.
• The August 2012 sale price of £599,950 represented a fair market value for the property.
• The size, condition, and specification of 8 SOVEREIGN CLOSE has not materially changed since August 2012.

How Large is 8 SOVEREIGN CLOSE?

8 SOVEREIGN CLOSE is 175m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 50% of detached houses houses in Purley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Purley, and where 8 SOVEREIGN CLOSE lies on this distribution: 48% of detached houses houses are smaller than 8 SOVEREIGN CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Purley.

8 SOVEREIGN CLOSE: Plot and Title Map

8 SOVEREIGN CLOSE sits on a plot of roughly 0.156 of an acre, or 631m². The below map shows the location of 8 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN CLOSE?

8 SOVEREIGN CLOSE is located in PURLEY, in the CR8 postcode district. The below map shows the position of No. 8 on SOVEREIGN CLOSE.