3, RAINBOW CLOSE, HORLEY, RH6 9QQ - £645,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 RAINBOW CLOSE is a very large extended detached house of 189m², built sometime from 2007 onwards. It was last sold for £645,000 in April 2021, which was around 17% below the average April 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

3 RAINBOW CLOSE Sold Prices

Land registry data shows three sales for 3 RAINBOW 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 Reigate and Banstead local authority area for the corresponding sale date. Two of the three 3 RAINBOW CLOSE sales were for below the average price, whilst one was for above 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
2021 14 APR	£645,000	£777,343	17% below HPI
2019 18 APR	£590,000	£735,378	20% below HPI
2009 18 DEC	£485,000	£469,674	3% above HPI

3 RAINBOW CLOSE 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 three 3 RAINBOW CLOSE sales between December 2009 and April 2021 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 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 3 RAINBOW CLOSE?

3 RAINBOW CLOSE is 189m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 20% of detached houses in Horley, based on EPC data. The below chart shows the distribution of detached houses by size in Horley, and where 3 RAINBOW CLOSE lies on this distribution: 89% of detached houses are smaller than 3 RAINBOW CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Horley.

3 RAINBOW CLOSE: Plot and Title Map

3 RAINBOW CLOSE sits on a plot of roughly 0.437 of an acre, or 1,769m². The below map shows the location of 3 RAINBOW 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 RAINBOW 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 RAINBOW CLOSE?

3 RAINBOW CLOSE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 3 on RAINBOW CLOSE.