8, RAINBOW WAY, STORRINGTON, PULBOROUGH, RH20 3NY - £299,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

8 RAINBOW WAY is a very small extended detached house of 94m², built sometime between 1976 and 1982. It was last sold for £299,000 in May 2015, which was around 43% below the average May 2015 detached price in the Horsham local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

8 RAINBOW WAY Sold Prices

Land registry data shows three sales for 8 RAINBOW WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. All of the three 8 RAINBOW WAY 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
2015 28 MAY	£299,000	£521,589	43% below HPI
2012 24 MAY	£257,500	£434,542	41% below HPI
2007 9 NOV	£265,000	£453,979	42% below HPI

8 RAINBOW WAY 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 three 8 RAINBOW WAY sales between November 2007 and May 2015 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 May 2012 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the May 2015 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 8 RAINBOW WAY?

8 RAINBOW WAY is 94m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the smallest 20% of detached houses in Storrington, based on EPC data. The below chart shows the distribution of detached houses by size in Storrington, and where 8 RAINBOW WAY lies on this distribution: 14% of detached houses are smaller than 8 RAINBOW WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Storrington.

8 RAINBOW WAY: Plot and Title Map

8 RAINBOW WAY sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 8 RAINBOW WAY, 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 RAINBOW WAY). 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 RAINBOW WAY?

8 RAINBOW WAY is located in STORRINGTON, in the RH20 postcode district. The below map shows the position of No. 8 on RAINBOW WAY.