5, REED CLOSE, HASSOCKS, BN6 9FG - £440,000

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.

5 REED CLOSE is a midsized detached house of 129m², built sometime between 2003 and 2006, which could now be worth an estimated £530,581. It was last sold for £440,000 in September 2019, which was around 29% below the average September 2019 detached price in the Mid Sussex local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

5 REED CLOSE Sold Prices

Land registry data shows two sales for 5 REED 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 Mid Sussex local authority area for the corresponding sale date. Both of the two 5 REED 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
2019 4 SEP	£440,000	£619,980	29% below HPI
2013 15 JUL	£385,000	£444,606	13% below HPI

5 REED CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Sussex local authority area over time, sourced from the HPI. The two 5 REED CLOSE sales from July 2013 and September 2019 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 July 2013 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 5 REED CLOSE be worth now?

5 REED CLOSE might now be worth an estimated £530,581.

This is based on house price inflation of 20.6%, between September 2019 and February 2025, for detached houses, in the Mid Sussex local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.6% inflationary increase is applied to the most recent sale price for 5 REED CLOSE of £440,000 on 4th September 2019. For the value to have increased from £440,000 to £530,581 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 REED CLOSE has moved in line with the HPI for detached houses in the Mid Sussex local authority area.
• The September 2019 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 5 REED CLOSE has not materially changed since September 2019.

How Large is 5 REED CLOSE?

5 REED CLOSE is 129m² according to the EPC inspection conducted in May 2023. This puts it in the largest 50% of detached houses houses in Hassocks, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hassocks, and where 5 REED CLOSE lies on this distribution: 57% of detached houses houses are smaller than 5 REED CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Hassocks.

5 REED CLOSE: Plot and Title Map

5 REED CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 5 REED 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 5 REED 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 5 REED CLOSE?

5 REED CLOSE is located in HASSOCKS, in the BN6 postcode district. The below map shows the position of No. 5 on REED CLOSE.