12, GRASSMERE, HORLEY, RH6 9UG - £285,000

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

12 GRASSMERE is a very small extended detached house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £310,994. It was last sold for £285,000 in August 2021, which was around 65% below the average August 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was B.

12 GRASSMERE Sold Prices

Land registry data shows three sales for 12 GRASSMERE 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 12 GRASSMERE 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
2021 6 AUG	£285,000	£823,509	65% below HPI
2003 20 JUN	£138,000	£414,715	67% below HPI
2000 3 NOV	£93,000	£306,786	70% below HPI

12 GRASSMERE 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 12 GRASSMERE sales between November 2000 and August 2021 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 June 2003 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the August 2021 sale, where it rises to 65% below the HPI. The line then continues to track at 65% below the HPI.

What might 12 GRASSMERE be worth now?

12 GRASSMERE might now be worth an estimated £310,994.

This is based on house price inflation of 9.1%, between August 2021 and February 2025, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.1% inflationary increase is applied to the most recent sale price for 12 GRASSMERE of £285,000 on 6th August 2021. For the value to have increased from £285,000 to £310,994 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 12 GRASSMERE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The August 2021 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 12 GRASSMERE has not materially changed since August 2021.

How Large is 12 GRASSMERE?

12 GRASSMERE is 57m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses houses in Horley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horley, and where 12 GRASSMERE lies on this distribution: 1% of detached houses houses are smaller than 12 GRASSMERE, and 99% of houses are larger. Note that EPC data is not available for all properties in Horley.

12 GRASSMERE: Plot and Title Map

12 GRASSMERE sits on a plot of roughly 0.032 of an acre, or 128m². The below map shows the location of 12 GRASSMERE, 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 12 GRASSMERE). 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 12 GRASSMERE?

12 GRASSMERE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 12 on GRASSMERE.