8, WELLESFORD CLOSE, BANSTEAD, SM7 2HL - £665,000

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 WELLESFORD CLOSE is a small detached house of 123m², built sometime between 1950 and 1966. It was last sold for £665,000 in November 2020, which was around 18% below the average November 2020 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was B.

8 WELLESFORD CLOSE Sold Prices

Land registry data shows two sales for 8 WELLESFORD 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 WELLESFORD 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
2020 27 NOV	£665,000	£813,243	18% below HPI
2002 1 FEB	£275,000	£327,280	16% below HPI

8 WELLESFORD 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 WELLESFORD CLOSE sales from February 2002 and November 2020 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 2002 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 8 WELLESFORD CLOSE?

8 WELLESFORD CLOSE is 123m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% 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 WELLESFORD CLOSE lies on this distribution: 29% of detached houses are smaller than 8 WELLESFORD CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Banstead.

8 WELLESFORD CLOSE: Plot and Title Map

8 WELLESFORD CLOSE sits on a plot of roughly 0.169 of an acre, or 685m². The below map shows the location of 8 WELLESFORD 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 WELLESFORD 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 WELLESFORD CLOSE?

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