4, ERICA WAY, HORSHAM, RH12 5XL - £520,000

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.

4 ERICA WAY is a small extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £516,308. It was last sold for £520,000 in September 2022, which was around 31% below the average September 2022 detached price in the Horsham local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

4 ERICA WAY Sold Prices

Land registry data shows two sales for 4 ERICA 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 Horsham local authority area for the corresponding sale date. Both of the two 4 ERICA 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
2022 9 SEP	£520,000	£755,812	31% below HPI
2003 10 FEB	£250,000	£354,681	30% below HPI

4 ERICA WAY 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 4 ERICA WAY sales from February 2003 and September 2022 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 2003 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the September 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 4 ERICA WAY be worth now?

4 ERICA WAY might now be worth an estimated £516,308.

This is based on house price deflation of 0.7%, between September 2022 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 0.7% deflationary decrease is applied to the most recent sale price for 4 ERICA WAY of £520,000 on 9th September 2022. For the value to have decreased from £520,000 to £516,308 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 4 ERICA WAY has moved in line with the HPI for detached houses in the Horsham local authority area.
• The September 2022 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ERICA WAY has not materially changed since September 2022.

How Large is 4 ERICA WAY?

4 ERICA WAY is 99m², which includes one extension, according to the EPC inspection conducted in November 2016. 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 4 ERICA WAY lies on this distribution: 26% of detached houses houses are smaller than 4 ERICA WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Horsham.

4 ERICA WAY: Plot and Title Map

4 ERICA WAY sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 4 ERICA 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 4 ERICA 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 4 ERICA WAY?

4 ERICA WAY is located in HORSHAM, in the RH12 postcode district. The below map shows the position of No. 4 on ERICA WAY.