12, NEWLANDS CLOSE, HORLEY, RH6 8JR - £550,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 NEWLANDS CLOSE is a small detached house of 105m², built sometime between 1976 and 1982. It was last sold for £550,000 in January 2021, which was around 31% below the average January 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

12 NEWLANDS CLOSE Sold Prices

Land registry data shows two sales for 12 NEWLANDS 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 12 NEWLANDS 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
2021 25 JAN	£550,000	£801,033	31% below HPI
2014 20 JAN	£400,000	£553,626	28% below HPI

12 NEWLANDS 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 12 NEWLANDS CLOSE sales from January 2014 and January 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 January 2014 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 12 NEWLANDS CLOSE?

12 NEWLANDS CLOSE is 105m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 40% of detached houses in Horley, based on EPC data. The below chart shows the distribution of detached houses by size in Horley, and where 12 NEWLANDS CLOSE lies on this distribution: 33% of detached houses are smaller than 12 NEWLANDS CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Horley.

12 NEWLANDS CLOSE: Plot and Title Map

12 NEWLANDS CLOSE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 12 NEWLANDS 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 12 NEWLANDS 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 12 NEWLANDS CLOSE?

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