2, SHERE CLOSE, NORTH HOLMWOOD, DORKING, RH5 4TT - £480,000

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

2 SHERE CLOSE is a very small extended detached house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £554,724. It was last sold for £480,000 in February 2020, which was around 42% below the average February 2020 detached price in the Mole Valley local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

2 SHERE CLOSE Sold Prices

Land registry data shows three sales for 2 SHERE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mole Valley local authority area for the corresponding sale date. All of the three 2 SHERE 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
2020 20 FEB	£480,000	£831,251	42% below HPI
2008 16 MAY	£340,000	£599,782	43% below HPI
2004 11 JUN	£249,995	£445,823	44% below HPI

2 SHERE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mole Valley local authority area over time, sourced from the HPI. The three 2 SHERE CLOSE sales between June 2004 and February 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 May 2008 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the February 2020 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 2 SHERE CLOSE be worth now?

2 SHERE CLOSE might now be worth an estimated £554,724.

This is based on house price inflation of 15.6%, between February 2020 and December 2024, for detached houses, in the Mole Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.6% inflationary increase is applied to the most recent sale price for 2 SHERE CLOSE of £480,000 on 20th February 2020. For the value to have increased from £480,000 to £554,724 over the three years and two months to December 2024, the following assumptions must hold true:

• The value of 2 SHERE CLOSE has moved in line with the HPI for detached houses in the Mole Valley local authority area.
• The February 2020 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SHERE CLOSE has not materially changed since February 2020.

How Large is 2 SHERE CLOSE?

2 SHERE CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses houses in Dorking, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dorking, and where 2 SHERE CLOSE lies on this distribution: 16% of detached houses houses are smaller than 2 SHERE CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Dorking.

2 SHERE CLOSE: Plot and Title Map

2 SHERE CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 2 SHERE 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 SHERE 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 SHERE CLOSE?

2 SHERE CLOSE is located in NORTH HOLMWOOD, in the RH5 postcode district. The below map shows the position of No. 2 on SHERE CLOSE.