5, SPIERS FARM CLOSE, HORLEY, RH6 7BW - £425,000

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 SPIERS FARM CLOSE is a small detached house of 94m², which could now be worth an estimated £482,887. It was last sold for £425,000 in September 2017, which was around 46% below the average September 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was June 2009, where the current energy rating was B, and the potential energy rating was B.

5 SPIERS FARM CLOSE Sold Prices

Land registry data shows two sales for 5 SPIERS FARM 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 5 SPIERS FARM 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 18 SEP	£425,000	£790,897	46% below HPI
2010 25 JUN	£288,000	£522,649	45% below HPI

5 SPIERS FARM 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 5 SPIERS FARM CLOSE sales from June 2010 and September 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 June 2010 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the September 2017 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 5 SPIERS FARM CLOSE be worth now?

5 SPIERS FARM CLOSE might now be worth an estimated £482,887.

This is based on house price inflation of 13.6%, between September 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 13.6% inflationary increase is applied to the most recent sale price for 5 SPIERS FARM CLOSE of £425,000 on 18th September 2017. For the value to have increased from £425,000 to £482,887 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 SPIERS FARM CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The September 2017 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPIERS FARM CLOSE has not materially changed since September 2017.

How Large is 5 SPIERS FARM CLOSE?

5 SPIERS FARM CLOSE is 94m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 30% 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 5 SPIERS FARM CLOSE lies on this distribution: 20% of detached houses houses are smaller than 5 SPIERS FARM CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Horley.

5 SPIERS FARM CLOSE: Plot and Title Map

5 SPIERS FARM CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 5 SPIERS FARM 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 SPIERS FARM 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 SPIERS FARM CLOSE?

5 SPIERS FARM CLOSE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 5 on SPIERS FARM CLOSE.