8, FARM CLOSE, HENFIELD, BN5 9JE - £425,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 FARM CLOSE is a very small detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £477,172. It was last sold for £425,000 in October 2020, which was around 36% below the average October 2020 detached price in the Horsham local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

8 FARM CLOSE Sold Prices

Land registry data shows two sales for 8 FARM 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 Horsham local authority area for the corresponding sale date. Both of the two 8 FARM 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
2020 22 OCT	£425,000	£668,395	36% below HPI
1999 16 APR	£127,500	£188,351	32% below HPI

8 FARM CLOSE 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 two 8 FARM CLOSE sales from April 1999 and October 2020 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 April 1999 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 8 FARM CLOSE be worth now?

8 FARM CLOSE might now be worth an estimated £477,172.

This is based on house price inflation of 12.3%, between October 2020 and February 2025, for detached houses, in the Horsham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.3% inflationary increase is applied to the most recent sale price for 8 FARM CLOSE of £425,000 on 22nd October 2020. For the value to have increased from £425,000 to £477,172 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 FARM CLOSE has moved in line with the HPI for detached houses in the Horsham local authority area.
• The October 2020 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FARM CLOSE has not materially changed since October 2020.

How Large is 8 FARM CLOSE?

8 FARM CLOSE is 83m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% of detached houses houses in Henfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Henfield, and where 8 FARM CLOSE lies on this distribution: 10% of detached houses houses are smaller than 8 FARM CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Henfield.

8 FARM CLOSE: Plot and Title Map

8 FARM CLOSE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 8 FARM 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 FARM 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 FARM CLOSE?

8 FARM CLOSE is located in HENFIELD, in the BN5 postcode district. The below map shows the position of No. 8 on FARM CLOSE.