2, DENORAS CLOSE, HORLEY, RH6 8QA - £590,000

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.

2 DENORAS CLOSE is a small detached house of 104m², which could now be worth an estimated £558,467. It was last sold for £590,000 in November 2022, which was around 38% below the average November 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2020, where the current energy rating was B, and the potential energy rating was A.

2 DENORAS CLOSE Sold Prices

Land registry data shows two sales for 2 DENORAS 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 2 DENORAS 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
2022 30 NOV	£590,000	£949,359	38% below HPI
2021 8 JAN	£510,000	£840,176	39% below HPI

2 DENORAS 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 2 DENORAS CLOSE sales from January 2021 and November 2022 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 2021 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the November 2022 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 DENORAS CLOSE be worth now?

2 DENORAS CLOSE might now be worth an estimated £558,467.

This is based on house price deflation of 5.3%, between November 2022 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 5.3% deflationary decrease is applied to the most recent sale price for 2 DENORAS CLOSE of £590,000 on 30th November 2022. For the value to have decreased from £590,000 to £558,467 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 DENORAS CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The November 2022 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DENORAS CLOSE has not materially changed since November 2022.

How Large is 2 DENORAS CLOSE?

2 DENORAS CLOSE is 104m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% 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 2 DENORAS CLOSE lies on this distribution: 32% of detached houses houses are smaller than 2 DENORAS CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Horley.

2 DENORAS CLOSE: Plot and Title Map

2 DENORAS CLOSE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 2 DENORAS 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 2 DENORAS 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 2 DENORAS CLOSE?

2 DENORAS CLOSE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 2 on DENORAS CLOSE.