2, THOMAS WATERS WAY, HORLEY, RH6 9FZ - £437,500

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 THOMAS WATERS WAY is a very small detached house of 92m², which could now be worth an estimated £514,406. It was last sold for £437,500 in March 2019, which was around 43% below the average March 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was A.

2 THOMAS WATERS WAY Sold Prices

Land registry data shows two sales for 2 THOMAS WATERS WAY 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 THOMAS WATERS WAY 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
2019 18 MAR	£437,500	£764,272	43% below HPI
2016 31 MAR	£375,950	£751,614	50% below HPI

2 THOMAS WATERS WAY 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 THOMAS WATERS WAY sales from March 2016 and March 2019 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 2016 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the March 2019 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 2 THOMAS WATERS WAY be worth now?

2 THOMAS WATERS WAY might now be worth an estimated £514,406.

This is based on house price inflation of 17.6%, between March 2019 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 17.6% inflationary increase is applied to the most recent sale price for 2 THOMAS WATERS WAY of £437,500 on 18th March 2019. For the value to have increased from £437,500 to £514,406 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 2 THOMAS WATERS WAY has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The March 2019 sale price of £437,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THOMAS WATERS WAY has not materially changed since March 2019.

How Large is 2 THOMAS WATERS WAY?

2 THOMAS WATERS WAY is 92m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% 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 THOMAS WATERS WAY lies on this distribution: 16% of detached houses houses are smaller than 2 THOMAS WATERS WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Horley.

2 THOMAS WATERS WAY: Plot and Title Map

2 THOMAS WATERS WAY sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 2 THOMAS WATERS WAY, 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 THOMAS WATERS WAY). 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 THOMAS WATERS WAY?

2 THOMAS WATERS WAY is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 2 on THOMAS WATERS WAY.