PENNYGILLAM, WORTHING ROAD, SOUTHWATER, HORSHAM, RH13 9EW - £387,000

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.

PENNYGILLAM is a small detached house of 96m², built sometime between 1976 and 1982, which could now be worth an estimated £563,279. It was last sold for £387,000 in February 2014, which was around 25% below the average February 2014 detached price in the Horsham local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

PENNYGILLAM Sold Prices

Land registry data shows two sales for PENNYGILLAM 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 PENNYGILLAM 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
2014 14 FEB	£387,000	£515,593	25% below HPI
2012 17 OCT	£288,000	£478,577	40% below HPI

PENNYGILLAM 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 PENNYGILLAM sales from October 2012 and February 2014 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 October 2012 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the February 2014 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might PENNYGILLAM be worth now?

PENNYGILLAM might now be worth an estimated £563,279.

This is based on house price inflation of 45.6%, between February 2014 and February 2025, for 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 45.6% inflationary increase is applied to the most recent sale price for PENNYGILLAM of £387,000 on 14th February 2014. For the value to have increased from £387,000 to £563,279 over the eleven years to February 2025, the following assumptions must hold true:

• The value of PENNYGILLAM has moved in line with the HPI for detached houses in the Horsham local authority area.
• The February 2014 sale price of £387,000 represented a fair market value for the property.
• The size, condition, and specification of PENNYGILLAM has not materially changed since February 2014.

How Large is PENNYGILLAM?

PENNYGILLAM is 96m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 30% of detached houses houses in Southwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwater, and where PENNYGILLAM lies on this distribution: 23% of detached houses houses are smaller than PENNYGILLAM, and 76% of houses are larger. Note that EPC data is not available for all properties in Southwater.

PENNYGILLAM: Plot and Title Map

PENNYGILLAM sits on a plot of roughly 0.138 of an acre, or 559m². The below map shows the location of PENNYGILLAM, 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 PENNYGILLAM). 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 PENNYGILLAM?

PENNYGILLAM is located on WORTHING ROAD in SOUTHWATER, in the RH13 postcode district. The below map shows the position of PENNYGILLAM on WORTHING ROAD.