HIGHBANKS, HARROW ROAD EAST, DORKING, RH4 2AU - £575,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

HIGHBANKS is a very small extended detached house of 101m², built sometime between 1950 and 1966. It was last sold for £575,000 in June 2021, which was around 32% below the average June 2021 detached price in the Mole Valley local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

HIGHBANKS Sold Prices

Land registry data shows two sales for HIGHBANKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mole Valley local authority area for the corresponding sale date. Both of the two HIGHBANKS 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 JUN	£575,000	£849,865	32% below HPI
1999 4 NOV	£218,000	£287,547	24% below HPI

HIGHBANKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mole Valley local authority area over time, sourced from the HPI. The two HIGHBANKS sales from November 1999 and June 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 November 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is HIGHBANKS?

HIGHBANKS is 101m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% of detached houses in Dorking, based on EPC data. The below chart shows the distribution of detached houses by size in Dorking, and where HIGHBANKS lies on this distribution: 17% of detached houses are smaller than HIGHBANKS, and 82% of houses are larger. Note that EPC data is not available for all properties in Dorking.

HIGHBANKS: Plot and Title Map

HIGHBANKS sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of HIGHBANKS, 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 HIGHBANKS). 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 HIGHBANKS?

HIGHBANKS is located on HARROW ROAD EAST in DORKING, in the RH4 postcode district. The below map shows the position of HIGHBANKS on HARROW ROAD EAST.