THE CHIMES, HATHERSHAM CLOSE, SMALLFIELD, HORLEY, RH6 9JE - £550,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE CHIMES is a very large extended detached house of 151m², built sometime between 1950 and 1966, which could now be worth an estimated £512,689. It was last sold for £550,000 in September 2024, which was around 42% below the average September 2024 detached price in the Tandridge local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

THE CHIMES Sold Prices

Land registry data shows five sales for THE CHIMES since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. All of the five THE CHIMES 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
2024 27 SEP	£550,000	£940,197	42% below HPI
2017 28 JUL	£540,000	£804,556	33% below HPI
2006 14 NOV	£390,000	£496,143	21% below HPI
1999 17 SEP	£149,950	£271,528	45% below HPI
1996 28 JUN	£83,000	£167,738	51% below HPI

THE CHIMES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tandridge local authority area over time, sourced from the HPI. The five THE CHIMES sales between June 1996 and September 2024 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 2017 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2024 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might THE CHIMES be worth now?

THE CHIMES might now be worth an estimated £512,689.

This is based on house price deflation of 6.8%, between September 2024 and February 2025, for detached houses, in the Tandridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.8% deflationary decrease is applied to the most recent sale price for THE CHIMES of £550,000 on 27th September 2024. For the value to have decreased from £550,000 to £512,689 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of THE CHIMES has moved in line with the HPI for detached houses in the Tandridge local authority area.
• The September 2024 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of THE CHIMES has not materially changed since September 2024.

How Large is THE CHIMES?

THE CHIMES is 151m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 20% of detached houses houses in Smallfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Smallfield, and where THE CHIMES lies on this distribution: 82% of detached houses houses are smaller than THE CHIMES, and 18% of houses are larger. Note that EPC data is not available for all properties in Smallfield.

THE CHIMES: Plot and Title Map

THE CHIMES sits on a plot of roughly 0.172 of an acre, or 697m². The below map shows the location of THE CHIMES, 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 THE CHIMES). 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 THE CHIMES?

THE CHIMES is located on HATHERSHAM CLOSE in SMALLFIELD, in the RH6 postcode district. The below map shows the position of THE CHIMES on HATHERSHAM CLOSE.