MILL COTTAGE, LANGSHOTT LANE, HORLEY, RH6 9AH - £545,000

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

MILL COTTAGE is a small detached house of 99m². It was last sold for £545,000 in January 2021, which was around 32% below the average January 2021 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was C.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two MILL COTTAGE 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 25 JAN	£545,000	£801,033	32% below HPI
2017 28 JUN	£507,500	£756,854	33% below HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two MILL COTTAGE sales from June 2017 and January 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 June 2017 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is MILL COTTAGE?

MILL COTTAGE is 99m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses in Horley, based on EPC data. The below chart shows the distribution of detached houses by size in Horley, and where MILL COTTAGE lies on this distribution: 26% of detached houses are smaller than MILL COTTAGE, and 74% of houses are larger. Note that EPC data is not available for all properties in Horley.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of MILL COTTAGE, 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 MILL COTTAGE). 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 MILL COTTAGE?

MILL COTTAGE is located on LANGSHOTT LANE in HORLEY, in the RH6 postcode district. The below map shows the position of MILL COTTAGE on LANGSHOTT LANE.