8, RUSSET CLOSE, HORLEY, RH6 9GE - £450,000

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 RUSSET CLOSE is a small extended detached house of 110m², built sometime between 1983 and 1990, which could now be worth an estimated £481,303. It was last sold for £450,000 in January 2021, which was around 46% below the average January 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

8 RUSSET CLOSE Sold Prices

Land registry data shows three sales for 8 RUSSET CLOSE 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 RUSSET 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
2021 22 JAN	£450,000	£840,176	46% below HPI
2007 5 APR	£284,000	£489,401	42% below HPI
2000 10 JUL	£189,000	£291,678	35% below HPI

8 RUSSET 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 three 8 RUSSET CLOSE sales between July 2000 and January 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 April 2007 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2021 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 8 RUSSET CLOSE be worth now?

8 RUSSET CLOSE might now be worth an estimated £481,303.

This is based on house price inflation of 7%, between January 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 7% inflationary increase is applied to the most recent sale price for 8 RUSSET CLOSE of £450,000 on 22nd January 2021. For the value to have increased from £450,000 to £481,303 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 RUSSET CLOSE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The January 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RUSSET CLOSE has not materially changed since January 2021.

How Large is 8 RUSSET CLOSE?

8 RUSSET CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% 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 RUSSET CLOSE lies on this distribution: 37% of detached houses houses are smaller than 8 RUSSET CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Horley.

8 RUSSET CLOSE: Plot and Title Map

8 RUSSET CLOSE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 8 RUSSET 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 RUSSET 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 RUSSET CLOSE?

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