SPINDLEWOOD, BALCOMBE ROAD, HORLEY, RH6 7JT - £525,000

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

SPINDLEWOOD is a midsized extended detached house of 122m², built sometime between 1950 and 1966. It was last sold for £525,000 in June 2023, which was around 40% below the average June 2023 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

SPINDLEWOOD Sold Prices

Land registry data shows two sales for SPINDLEWOOD 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 SPINDLEWOOD 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
2023 2 JUN	£525,000	£873,266	40% below HPI
2014 19 DEC	£400,000	£635,112	37% below HPI

SPINDLEWOOD 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 SPINDLEWOOD sales from December 2014 and June 2023 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 December 2014 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2023 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is SPINDLEWOOD?

SPINDLEWOOD is 122m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the largest 50% of detached houses in Horley, based on EPC data. The below chart shows the distribution of detached houses by size in Horley, and where SPINDLEWOOD lies on this distribution: 50% of detached houses are smaller than SPINDLEWOOD, and 50% of houses are larger. Note that EPC data is not available for all properties in Horley.

SPINDLEWOOD: Plot and Title Map

SPINDLEWOOD sits on a plot of roughly 0.211 of an acre, or 855m². The below map shows the location of SPINDLEWOOD, 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 SPINDLEWOOD). 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 SPINDLEWOOD?

SPINDLEWOOD is located on BALCOMBE ROAD in HORLEY, in the RH6 postcode district. The below map shows the position of SPINDLEWOOD on BALCOMBE ROAD.