23, MEADOW WAY, HORLEY, RH6 9JA - £585,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 MEADOW WAY is a large detached house of 139m², built sometime from 2007 onwards, which could now be worth an estimated £676,524. It was last sold for £585,000 in May 2019, which was around 25% below the average May 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

23 MEADOW WAY Sold Prices

Land registry data shows two sales for 23 MEADOW 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 23 MEADOW 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 21 MAY	£585,000	£777,050	25% below HPI
2010 9 APR	£415,000	£510,787	19% below HPI

23 MEADOW 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 23 MEADOW WAY sales from April 2010 and May 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 April 2010 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2019 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 23 MEADOW WAY be worth now?

23 MEADOW WAY might now be worth an estimated £676,524.

This is based on house price inflation of 15.6%, between May 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 15.6% inflationary increase is applied to the most recent sale price for 23 MEADOW WAY of £585,000 on 21st May 2019. For the value to have increased from £585,000 to £676,524 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 23 MEADOW WAY has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2019 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of 23 MEADOW WAY has not materially changed since May 2019.

How Large is 23 MEADOW WAY?

23 MEADOW WAY is 139m² according to the EPC inspection conducted in October 2018. This puts it in the largest 40% 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 23 MEADOW WAY lies on this distribution: 64% of detached houses houses are smaller than 23 MEADOW WAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Horley.

23 MEADOW WAY: Plot and Title Map

23 MEADOW WAY sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 23 MEADOW 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 23 MEADOW 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 23 MEADOW WAY?

23 MEADOW WAY is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 23 on MEADOW WAY.