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

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.

MILL COTTAGE is a small detached house of 99m², which could now be worth an estimated £582,911. It was last sold for £545,000 in January 2021, which was around 35% 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	£840,176	35% below HPI
2017 28 JUN	£507,500	£793,838	36% 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 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the January 2021 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £582,911.

This is based on house price inflation of 7%, between January 2021 and February 2025, for detached houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £545,000 on 25th January 2021. For the value to have increased from £545,000 to £582,911 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for detached houses in the Reigate and Banstead local authority area.
• The January 2021 sale price of £545,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since January 2021.

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 houses in Horley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horley, and where MILL COTTAGE lies on this distribution: 25% of detached houses 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 0.066 of an acre, or 267m². 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.