8, HORLEY ROAD, REDHILL, RH1 5AB - £396,000

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

8 HORLEY ROAD is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £396,000 in March 2022, which was around 53% below the average March 2022 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was C.

8 HORLEY ROAD Sold Prices

Land registry data shows three sales for 8 HORLEY ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 8 HORLEY ROAD 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
2022 18 MAR	£396,000	£844,554	53% below HPI
2016 11 FEB	£350,000	£719,786	51% below HPI
2001 23 AUG	£152,000	£312,686	51% below HPI

8 HORLEY ROAD 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 three 8 HORLEY ROAD sales between August 2001 and March 2022 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 2016 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2022 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 8 HORLEY ROAD?

8 HORLEY ROAD is 74m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of detached houses in Redhill, based on EPC data. The below chart shows the distribution of detached houses by size in Redhill, and where 8 HORLEY ROAD lies on this distribution: 6% of detached houses are smaller than 8 HORLEY ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Redhill.

8 HORLEY ROAD: Plot and Title Map

8 HORLEY ROAD sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 8 HORLEY ROAD, 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 HORLEY ROAD). 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 HORLEY ROAD?

8 HORLEY ROAD is located in REDHILL, in the RH1 postcode district. The below map shows the position of No. 8 on HORLEY ROAD.