2, DOWNE CLOSE, HORLEY, RH6 8AQ - £320,000

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

2 DOWNE CLOSE is a midsized extended detached house of 124m², built sometime between 1967 and 1975. It was last sold for £320,000 in January 2013, which was around 39% below the average January 2013 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

2 DOWNE CLOSE Sold Prices

Land registry data shows two sales for 2 DOWNE 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 DOWNE 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
2013 7 JAN	£320,000	£525,637	39% below HPI
2003 7 MAR	£270,000	£383,778	30% below HPI

2 DOWNE 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 DOWNE CLOSE sales from March 2003 and January 2013 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 March 2003 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2013 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 2 DOWNE CLOSE?

2 DOWNE CLOSE is 124m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the largest 50% of detached houses in Horley, based on EPC data. The below chart shows the distribution of detached houses by size in Horley, and where 2 DOWNE CLOSE lies on this distribution: 51% of detached houses are smaller than 2 DOWNE CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Horley.

2 DOWNE CLOSE: Plot and Title Map

2 DOWNE CLOSE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 2 DOWNE 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 DOWNE 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 DOWNE CLOSE?

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