4, MILLFIELD CLOSE, HORLEY, RH6 9QX - £430,000

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 MILLFIELD CLOSE is a midsized detached house of 117m², which could now be worth an estimated £507,515. It was last sold for £430,000 in January 2017, which was around 44% below the average January 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was April 2011, where the current energy rating was B, and the potential energy rating was B.

4 MILLFIELD CLOSE Sold Prices

Land registry data shows two sales for 4 MILLFIELD 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 Reigate and Banstead local authority area for the corresponding sale date. Both of the two 4 MILLFIELD 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 13 JAN	£430,000	£761,370	44% below HPI
2011 27 APR	£350,000	£522,920	33% below HPI

4 MILLFIELD 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 two 4 MILLFIELD CLOSE sales from April 2011 and January 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 April 2011 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2017 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 4 MILLFIELD CLOSE be worth now?

4 MILLFIELD CLOSE might now be worth an estimated £507,515.

This is based on house price inflation of 18%, between January 2017 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 18% inflationary increase is applied to the most recent sale price for 4 MILLFIELD CLOSE of £430,000 on 13th January 2017. For the value to have increased from £430,000 to £507,515 over the seven years and eleven months to February 2025, the following assumptions must hold true:

• The value of 4 MILLFIELD CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The January 2017 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MILLFIELD CLOSE has not materially changed since January 2017.

How Large is 4 MILLFIELD CLOSE?

4 MILLFIELD CLOSE is 117m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 50% 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 4 MILLFIELD CLOSE lies on this distribution: 46% of detached houses houses are smaller than 4 MILLFIELD CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Horley.

4 MILLFIELD CLOSE: Plot and Title Map

4 MILLFIELD CLOSE sits on a plot of roughly 0.918 of an acre, or 3,714m². The below map shows the location of 4 MILLFIELD 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 4 MILLFIELD 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 4 MILLFIELD CLOSE?

4 MILLFIELD CLOSE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 4 on MILLFIELD CLOSE.