6, RAINBOW WAY, STORRINGTON, PULBOROUGH, RH20 3NY - £365,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

6 RAINBOW WAY is a very small detached house of 99m², built sometime between 1967 and 1975. It was last sold for £365,000 in March 2021, which was around 39% below the average March 2021 detached price in the Horsham local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

6 RAINBOW WAY Sold Prices

Land registry data shows five sales for 6 RAINBOW WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. All of the five 6 RAINBOW WAY 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
2021 12 MAR	£365,000	£597,251	39% below HPI
2015 13 FEB	£297,500	£517,710	43% below HPI
2007 28 SEP	£285,000	£438,777	35% below HPI
2000 14 NOV	£135,000	£250,059	46% below HPI
1996 27 JUN	£81,250	£129,164	37% below HPI

6 RAINBOW WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The five 6 RAINBOW WAY sales between June 1996 and March 2021 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 2015 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the March 2021 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 6 RAINBOW WAY?

6 RAINBOW WAY is 99m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses in Storrington, based on EPC data. The below chart shows the distribution of detached houses by size in Storrington, and where 6 RAINBOW WAY lies on this distribution: 20% of detached houses are smaller than 6 RAINBOW WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Storrington.

6 RAINBOW WAY: Plot and Title Map

6 RAINBOW WAY sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 6 RAINBOW WAY, 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 RAINBOW WAY). 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 RAINBOW WAY?

6 RAINBOW WAY is located in STORRINGTON, in the RH20 postcode district. The below map shows the position of No. 6 on RAINBOW WAY.