HOMESTEAD, CRIPPLEGATE LANE, SOUTHWATER, HORSHAM, RH13 9HJ - £515,000

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

HOMESTEAD is a very small detached house of 56m², built sometime between 1950 and 1966. It was last sold for £515,000 in September 2022, which was around 26% below the average September 2022 detached price in the Horsham local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

HOMESTEAD Sold Prices

Land registry data shows two sales for HOMESTEAD 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 HOMESTEAD 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
2022 15 SEP	£515,000	£697,791	26% below HPI
2009 17 NOV	£189,000	£402,677	53% below HPI

HOMESTEAD 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 HOMESTEAD sales from November 2009 and September 2022 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 2009 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the September 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is HOMESTEAD?

HOMESTEAD is 56m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of detached houses in Southwater, based on EPC data. The below chart shows the distribution of detached houses by size in Southwater, and where HOMESTEAD lies on this distribution: Less than 1% of detached houses are smaller than HOMESTEAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Southwater.

HOMESTEAD: Plot and Title Map

HOMESTEAD sits on a plot of roughly 0.246 of an acre, or 996m². The below map shows the location of HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

HOMESTEAD is located on CRIPPLEGATE LANE in SOUTHWATER, in the RH13 postcode district. The below map shows the position of HOMESTEAD on CRIPPLEGATE LANE.