8, SHERE CLOSE, NORTH HOLMWOOD, DORKING, RH5 4TT - £453,000

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 SHERE CLOSE is a very small semi-detached house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £515,153. It was last sold for £453,000 in May 2021, which was around 8% below the average May 2021 semi-detached price in the Mole Valley local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

8 SHERE CLOSE Sold Prices

Land registry data shows two sales for 8 SHERE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Mole Valley local authority area for the corresponding sale date. Both of the two 8 SHERE 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 28 MAY	£453,000	£490,191	8% below HPI
2008 3 OCT	£250,000	£314,247	20% below HPI

8 SHERE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mole Valley local authority area over time, sourced from the HPI. The two 8 SHERE CLOSE sales from October 2008 and May 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 2008 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 8 SHERE CLOSE be worth now?

8 SHERE CLOSE might now be worth an estimated £515,153.

This is based on house price inflation of 13.7%, between May 2021 and March 2025, for semi-detached houses, in the Mole Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.7% inflationary increase is applied to the most recent sale price for 8 SHERE CLOSE of £453,000 on 28th May 2021. For the value to have increased from £453,000 to £515,153 over the four years and two months to March 2025, the following assumptions must hold true:

• The value of 8 SHERE CLOSE has moved in line with the HPI for semi-detached houses in the Mole Valley local authority area.
• The May 2021 sale price of £453,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SHERE CLOSE has not materially changed since May 2021.

How Large is 8 SHERE CLOSE?

8 SHERE CLOSE is 74m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 10% of semi-detached houses houses in Dorking, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Dorking, and where 8 SHERE CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 8 SHERE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Dorking.

8 SHERE CLOSE: Plot and Title Map

8 SHERE CLOSE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 8 SHERE 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 SHERE 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 SHERE CLOSE?

8 SHERE CLOSE is located in NORTH HOLMWOOD, in the RH5 postcode district. The below map shows the position of No. 8 on SHERE CLOSE.