3, DERWENT CLOSE, HORSHAM, RH12 4GW - £365,000

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.

3 DERWENT CLOSE is a very small extended detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £430,015. It was last sold for £365,000 in February 2017, which was around 43% below the average February 2017 detached price in the Horsham local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

3 DERWENT CLOSE Sold Prices

Land registry data shows three sales for 3 DERWENT 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 Horsham local authority area for the corresponding sale date. All of the three 3 DERWENT 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
2017 21 FEB	£365,000	£636,984	43% below HPI
1999 17 DEC	£142,500	£224,534	37% below HPI
1995 19 JUL	£91,500	£135,145	32% below HPI

3 DERWENT 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 three 3 DERWENT CLOSE sales between July 1995 and February 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 December 1999 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2017 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 3 DERWENT CLOSE be worth now?

3 DERWENT CLOSE might now be worth an estimated £430,015.

This is based on house price inflation of 17.8%, between February 2017 and February 2025, 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 17.8% inflationary increase is applied to the most recent sale price for 3 DERWENT CLOSE of £365,000 on 21st February 2017. For the value to have increased from £365,000 to £430,015 over the eight years to February 2025, the following assumptions must hold true:

• The value of 3 DERWENT CLOSE has moved in line with the HPI for detached houses in the Horsham local authority area.
• The February 2017 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DERWENT CLOSE has not materially changed since February 2017.

How Large is 3 DERWENT CLOSE?

3 DERWENT CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 20% 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 DERWENT CLOSE lies on this distribution: 19% of detached houses houses are smaller than 3 DERWENT CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Horsham.

3 DERWENT CLOSE: Plot and Title Map

3 DERWENT CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 3 DERWENT 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 DERWENT 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 DERWENT CLOSE?

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