HOMELEE, STATION ROAD, HENFIELD, BN5 9UP - £410,000

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.

HOMELEE is a small semi-detached house of 106m², built sometime between 1950 and 1966, which could now be worth an estimated £516,538. It was last sold for £410,000 in February 2016, which was around 14% above the average February 2016 semi-detached price in the Horsham local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

HOMELEE Sold Prices

Land registry data shows three sales for HOMELEE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Horsham local authority area for the corresponding sale date. Two of the three HOMELEE sales were for above the average price, whilst one was 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 12 FEB	£410,000	£360,176	14% above HPI
2004 30 JUL	£272,000	£233,040	17% above HPI
2002 17 DEC	£185,000	£204,112	9% below HPI

HOMELEE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Horsham local authority area over time, sourced from the HPI. The three HOMELEE sales between December 2002 and February 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 July 2004 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2016 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might HOMELEE be worth now?

HOMELEE might now be worth an estimated £516,538.

This is based on house price inflation of 26%, between February 2016 and February 2025, for semi-detached houses, in the Horsham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26% inflationary increase is applied to the most recent sale price for HOMELEE of £410,000 on 12th February 2016. For the value to have increased from £410,000 to £516,538 over the nine years to February 2025, the following assumptions must hold true:

• The value of HOMELEE has moved in line with the HPI for semi-detached houses in the Horsham local authority area.
• The February 2016 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of HOMELEE has not materially changed since February 2016.

How Large is HOMELEE?

HOMELEE is 106m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 30% of semi-detached houses houses in Henfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Henfield, and where HOMELEE lies on this distribution: 29% of semi-detached houses houses are smaller than HOMELEE, and 69% of houses are larger. Note that EPC data is not available for all properties in Henfield.

HOMELEE: Plot and Title Map

HOMELEE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of HOMELEE, 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 HOMELEE). 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 HOMELEE?

HOMELEE is located on STATION ROAD in HENFIELD, in the BN5 postcode district. The below map shows the position of HOMELEE on STATION ROAD.