8, GRAYS WOOD, HORLEY, RH6 9UT - £734,000

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 GRAYS WOOD is a very large extended detached house of 171m², built sometime between 1991 and 1995, which could now be worth an estimated £797,658. It was last sold for £734,000 in February 2021, which was around 11% below the average February 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

8 GRAYS WOOD Sold Prices

Land registry data shows two sales for 8 GRAYS WOOD 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. One of the two 8 GRAYS WOOD sales was for below the average price, whilst the other was for above 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 16 FEB	£734,000	£826,905	11% below HPI
1999 8 OCT	£288,000	£254,342	13% above HPI

8 GRAYS WOOD 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 GRAYS WOOD sales from October 1999 and February 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 October 1999 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the February 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 GRAYS WOOD be worth now?

8 GRAYS WOOD might now be worth an estimated £797,658.

This is based on house price inflation of 8.7%, between February 2021 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 8.7% inflationary increase is applied to the most recent sale price for 8 GRAYS WOOD of £734,000 on 16th February 2021. For the value to have increased from £734,000 to £797,658 over the four years to February 2025, the following assumptions must hold true:

• The value of 8 GRAYS WOOD has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The February 2021 sale price of £734,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRAYS WOOD has not materially changed since February 2021.

How Large is 8 GRAYS WOOD?

8 GRAYS WOOD is 171m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 20% 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 GRAYS WOOD lies on this distribution: 83% of detached houses houses are smaller than 8 GRAYS WOOD, and 16% of houses are larger. Note that EPC data is not available for all properties in Horley.

8 GRAYS WOOD: Plot and Title Map

8 GRAYS WOOD sits on a plot of roughly 0.144 of an acre, or 582m². The below map shows the location of 8 GRAYS WOOD, 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 GRAYS WOOD). 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 GRAYS WOOD?

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