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

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 SHERE CLOSE is a very small extended detached house of 100m², built sometime between 1976 and 1982. It was last sold for £480,000 in February 2020, which was around 40% 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	£801,057	40% below HPI
2008 16 MAY	£340,000	£577,997	41% below HPI
2004 11 JUN	£249,995	£429,630	42% 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 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2020 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

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 in Dorking, based on EPC data. The below chart shows the distribution of detached houses by size in Dorking, and where 2 SHERE CLOSE lies on this distribution: 16% of detached 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.