FORNELLS, NEW ROAD, SOUTHWATER, HORSHAM, RH13 9AU - £440,000

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

FORNELLS is a very small detached house of 88m², built sometime between 1967 and 1975. It was last sold for £440,000 in December 2016, which was around 26% below the average December 2016 detached price in the Horsham local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

FORNELLS Sold Prices

Land registry data shows two sales for FORNELLS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. Both of the two FORNELLS 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
2016 23 DEC	£440,000	£595,474	26% below HPI
1997 29 MAY	£121,000	£143,846	16% below HPI

FORNELLS 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 two FORNELLS sales from May 1997 and December 2016 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 1997 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is FORNELLS?

FORNELLS is 88m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% of detached houses in Southwater, based on EPC data. The below chart shows the distribution of detached houses by size in Southwater, and where FORNELLS lies on this distribution: 16% of detached houses are smaller than FORNELLS, and 83% of houses are larger. Note that EPC data is not available for all properties in Southwater.

FORNELLS: Plot and Title Map

FORNELLS sits on a plot of roughly 0.145 of an acre, or 588m². The below map shows the location of FORNELLS, 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 FORNELLS). 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 FORNELLS?

FORNELLS is located on NEW ROAD in SOUTHWATER, in the RH13 postcode district. The below map shows the position of FORNELLS on NEW ROAD.