3, BAILEY CLOSE, HORSHAM, RH12 5QR - £264,000

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

3 BAILEY CLOSE is a small detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £509,329. It was last sold for £264,000 in June 2004, which was around 31% below the average June 2004 detached price in the Horsham local authority area. The most recent EPC inspection was September 2024, where the current energy rating was B, and the potential energy rating was A.

3 BAILEY CLOSE Sold Prices

Land registry data shows two sales for 3 BAILEY CLOSE 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 3 BAILEY 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
2004 28 JUN	£264,000	£380,633	31% below HPI
1997 7 FEB	£26,500	£145,410	82% below HPI

3 BAILEY CLOSE 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 3 BAILEY CLOSE sales from February 1997 and June 2004 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 February 1997 sale was for 82% below the HPI. So the extrapolation line tracks at 82% below the HPI over time, until the June 2004 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 3 BAILEY CLOSE be worth now?

3 BAILEY CLOSE might now be worth an estimated £509,329.

This is based on house price inflation of 92.9%, between June 2004 and December 2024, for detached houses, in the Horsham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 92.9% inflationary increase is applied to the most recent sale price for 3 BAILEY CLOSE of £264,000 on 28th June 2004. For the value to have increased from £264,000 to £509,329 over the nineteen years and six months to December 2024, the following assumptions must hold true:

• The value of 3 BAILEY CLOSE has moved in line with the HPI for detached houses in the Horsham local authority area.
• The June 2004 sale price of £264,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BAILEY CLOSE has not materially changed since June 2004.

How Large is 3 BAILEY CLOSE?

3 BAILEY CLOSE is 96m² according to the EPC inspection conducted in September 2024. This puts it in the smallest 30% of detached houses houses in Horsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horsham, and where 3 BAILEY CLOSE lies on this distribution: 23% of detached houses houses are smaller than 3 BAILEY CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Horsham.

3 BAILEY CLOSE: Plot and Title Map

3 BAILEY CLOSE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 3 BAILEY 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 3 BAILEY 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 3 BAILEY CLOSE?

3 BAILEY CLOSE is located in HORSHAM, in the RH12 postcode district. The below map shows the position of No. 3 on BAILEY CLOSE.