11, TIMBER MILL, SOUTHWATER, HORSHAM, RH13 9SX - £432,000

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.

11 TIMBER MILL is a small extended detached house of 104m², built sometime between 1967 and 1975, which could now be worth an estimated £489,288. It was last sold for £432,000 in November 2020, which was around 35% below the average November 2020 detached price in the Horsham local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

11 TIMBER MILL Sold Prices

Land registry data shows three sales for 11 TIMBER MILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. All of the three 11 TIMBER MILL 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 3 NOV	£432,000	£662,580	35% below HPI
2007 29 AUG	£285,000	£461,212	38% below HPI
2001 2 NOV	£167,500	£299,069	44% below HPI

11 TIMBER MILL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The three 11 TIMBER MILL sales between November 2001 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 August 2007 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2020 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 11 TIMBER MILL be worth now?

11 TIMBER MILL might now be worth an estimated £489,288.

This is based on house price inflation of 13.3%, between November 2020 and February 2025, for detached houses, in the Horsham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.3% inflationary increase is applied to the most recent sale price for 11 TIMBER MILL of £432,000 on 3rd November 2020. For the value to have increased from £432,000 to £489,288 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 11 TIMBER MILL has moved in line with the HPI for detached houses in the Horsham local authority area.
• The November 2020 sale price of £432,000 represented a fair market value for the property.
• The size, condition, and specification of 11 TIMBER MILL has not materially changed since November 2020.

How Large is 11 TIMBER MILL?

11 TIMBER MILL is 104m², which includes three extensions, according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of detached houses houses in Southwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwater, and where 11 TIMBER MILL lies on this distribution: 30% of detached houses houses are smaller than 11 TIMBER MILL, and 69% of houses are larger. Note that EPC data is not available for all properties in Southwater.

11 TIMBER MILL: Plot and Title Map

11 TIMBER MILL sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 11 TIMBER MILL, 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 11 TIMBER MILL). 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 11 TIMBER MILL?

11 TIMBER MILL is located in SOUTHWATER, in the RH13 postcode district. The below map shows the position of No. 11 on TIMBER MILL.