6, DRAKE ROAD, HORLEY, RH6 8SJ - £430,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

6 DRAKE ROAD is a very small detached house of 79m², built sometime between 1991 and 1995. It was last sold for £430,000 in May 2022, which was around 49% below the average May 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

6 DRAKE ROAD Sold Prices

Land registry data shows six sales for 6 DRAKE ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the six 6 DRAKE ROAD 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 26 MAY	£430,000	£849,692	49% below HPI
2020 14 FEB	£350,000	£747,262	53% below HPI
2016 31 MAR	£355,000	£716,597	50% below HPI
2009 18 DEC	£235,000	£469,674	50% below HPI
2006 11 AUG	£236,750	£437,262	46% below HPI
1999 25 JUN	£106,000	£215,767	51% below HPI

6 DRAKE ROAD 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 six 6 DRAKE ROAD sales between June 1999 and May 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 2020 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the May 2022 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 6 DRAKE ROAD?

6 DRAKE ROAD is 79m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% of detached houses in Horley, based on EPC data. The below chart shows the distribution of detached houses by size in Horley, and where 6 DRAKE ROAD lies on this distribution: 5% of detached houses are smaller than 6 DRAKE ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Horley.

6 DRAKE ROAD: Plot and Title Map

6 DRAKE ROAD sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 6 DRAKE ROAD, 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 6 DRAKE ROAD). 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 6 DRAKE ROAD?

6 DRAKE ROAD is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 6 on DRAKE ROAD.