6, DRAKE ROAD, HORLEY, RH6 8SJ - £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.

6 DRAKE ROAD is a very small detached house of 79m², built sometime between 1991 and 1995, which could now be worth an estimated £433,574. It was last sold for £430,000 in May 2022, which was around 52% 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	£891,212	52% below HPI
2020 14 FEB	£350,000	£783,777	55% below HPI
2016 31 MAR	£355,000	£751,614	53% below HPI
2009 18 DEC	£235,000	£492,625	52% below HPI
2006 11 AUG	£236,750	£458,629	48% below HPI
1999 25 JUN	£106,000	£226,311	53% 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 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the May 2022 sale, where it rises to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 6 DRAKE ROAD be worth now?

6 DRAKE ROAD might now be worth an estimated £433,574.

This is based on house price inflation of 0.8%, between May 2022 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 0.8% inflationary increase is applied to the most recent sale price for 6 DRAKE ROAD of £430,000 on 26th May 2022. For the value to have increased from £430,000 to £433,574 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 6 DRAKE ROAD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The May 2022 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 6 DRAKE ROAD has not materially changed since May 2022.

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 houses in Horley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horley, and where 6 DRAKE ROAD lies on this distribution: 5% of detached houses 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.