7, THE MARTS, RUDGWICK, HORSHAM, RH12 3HH - £480,000

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

7 THE MARTS is a very small extended detached house of 100m², built sometime between 1967 and 1975. It was last sold for £480,000 in May 2018, which was around 20% below the average May 2018 detached price in the Horsham local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

7 THE MARTS Sold Prices

Land registry data shows five sales for 7 THE MARTS 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 7 THE MARTS 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
2018 22 MAY	£480,000	£602,635	20% below HPI
2017 23 AUG	£270,000	£599,132	55% below HPI
2017 1 JUN	£240,000	£605,293	60% below HPI
2002 29 NOV	£225,000	£328,524	32% below HPI
1998 18 JUN	£108,600	£171,048	37% below HPI

7 THE MARTS 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 7 THE MARTS sales between June 1998 and May 2018 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 August 2017 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the May 2018 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 7 THE MARTS?

7 THE MARTS is 100m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% of detached houses in Rudgwick, based on EPC data. The below chart shows the distribution of detached houses by size in Rudgwick, and where 7 THE MARTS lies on this distribution: 20% of detached houses are smaller than 7 THE MARTS, and 80% of houses are larger. Note that EPC data is not available for all properties in Rudgwick.

7 THE MARTS: Plot and Title Map

7 THE MARTS sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 7 THE MARTS, 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 7 THE MARTS). 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 7 THE MARTS?

7 THE MARTS is located in RUDGWICK, in the RH12 postcode district. The below map shows the position of No. 7 on THE MARTS.