2, THE GABLES, SOUTHWATER, HORSHAM, RH13 9BW - £390,000

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

2 THE GABLES is a very small detached house of 73m², built sometime between 1950 and 1966. It was last sold for £390,000 in July 2017, which was around 35% below the average July 2017 detached price in the Horsham local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

2 THE GABLES Sold Prices

Land registry data shows two sales for 2 THE GABLES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. Both of the two 2 THE GABLES 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
2017 14 JUL	£390,000	£598,054	35% below HPI
1997 10 JAN	£85,500	£133,296	36% below HPI

2 THE GABLES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The two 2 THE GABLES sales from January 1997 and July 2017 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 1997 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2017 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 THE GABLES?

2 THE GABLES is 73m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses in Southwater, based on EPC data. The below chart shows the distribution of detached houses by size in Southwater, and where 2 THE GABLES lies on this distribution: 5% of detached houses are smaller than 2 THE GABLES, and 95% of houses are larger. Note that EPC data is not available for all properties in Southwater.

2 THE GABLES: Plot and Title Map

2 THE GABLES sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 2 THE GABLES, 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 THE GABLES). 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 THE GABLES?

2 THE GABLES is located in SOUTHWATER, in the RH13 postcode district. The below map shows the position of No. 2 on THE GABLES.