SOMERLEAS, EASTEDS LANE, SOUTHWATER, HORSHAM, RH13 9DP - £575,000

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

SOMERLEAS is a very large detached house of 193m², built sometime between 1996 and 2002. It was last sold for £575,000 in December 2013, which was around 23% above the average December 2013 detached price in the Horsham local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

SOMERLEAS Sold Prices

Land registry data shows three sales for SOMERLEAS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. All of the three SOMERLEAS sales were for above 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
2013 13 DEC	£575,000	£466,007	23% above HPI
2007 20 JUL	£525,000	£422,799	24% above HPI
1998 23 OCT	£275,000	£184,219	49% above HPI

SOMERLEAS 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 three SOMERLEAS sales between October 1998 and December 2013 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 2007 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the December 2013 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is SOMERLEAS?

SOMERLEAS is 193m² according to the EPC inspection conducted in April 2013. This puts it in the largest 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 SOMERLEAS lies on this distribution: 93% of detached houses are smaller than SOMERLEAS, and 7% of houses are larger. Note that EPC data is not available for all properties in Southwater.

SOMERLEAS: Plot and Title Map

SOMERLEAS sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of SOMERLEAS, 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 SOMERLEAS). 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 SOMERLEAS?

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