8, DOWNE CLOSE, HORLEY, RH6 8AQ - £370,000

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.

8 DOWNE CLOSE is a small detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £417,991. It was last sold for £370,000 in December 2019, which was around 53% below the average December 2019 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was C.

8 DOWNE CLOSE Sold Prices

Land registry data shows two sales for 8 DOWNE 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 8 DOWNE 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
2019 13 DEC	£370,000	£795,447	53% below HPI
1996 23 SEP	£98,950	£162,136	39% below HPI

8 DOWNE 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 8 DOWNE CLOSE sales from September 1996 and December 2019 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 September 1996 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2019 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 8 DOWNE CLOSE be worth now?

8 DOWNE CLOSE might now be worth an estimated £417,991.

This is based on house price inflation of 13%, between December 2019 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% inflationary increase is applied to the most recent sale price for 8 DOWNE CLOSE of £370,000 on 13th December 2019. For the value to have increased from £370,000 to £417,991 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 DOWNE CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The December 2019 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 8 DOWNE CLOSE has not materially changed since December 2019.

How Large is 8 DOWNE CLOSE?

8 DOWNE CLOSE is 94m² according to the EPC inspection conducted in December 2018. 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 8 DOWNE CLOSE lies on this distribution: 20% of detached houses houses are smaller than 8 DOWNE CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Horley.

8 DOWNE CLOSE: Plot and Title Map

8 DOWNE CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 8 DOWNE 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 8 DOWNE 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 8 DOWNE CLOSE?

8 DOWNE CLOSE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 8 on DOWNE CLOSE.