THE COTTAGE, MULBERRY CLOSE, HORSHAM, RH12 2NH - £595,500

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 COTTAGE is a midsized extended detached house of 120m², built sometime before 1900. It was last sold for £595,500 in February 2021, which was around 9% below the average February 2021 detached price in the Horsham local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 Horsham local authority area for the corresponding sale date. Both of the two THE 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 FEB	£595,500	£653,612	9% below HPI
1998 16 MAR	£170,000	£172,807	2% below HPI

THE COTTAGE 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 THE COTTAGE sales from March 1998 and February 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 March 1998 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £669,056.

This is based on house price inflation of 12.4%, between February 2021 and December 2024, 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 12.4% inflationary increase is applied to the most recent sale price for THE COTTAGE of £595,500 on 25th February 2021. For the value to have increased from £595,500 to £669,056 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the Horsham local authority area.
• The February 2021 sale price of £595,500 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since February 2021.

How Large is THE COTTAGE?

THE COTTAGE is 120m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the smallest 50% of detached houses houses in Horsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horsham, and where THE COTTAGE lies on this distribution: 47% of detached houses houses are smaller than THE COTTAGE, and 52% of houses are larger. Note that EPC data is not available for all properties in Horsham.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on MULBERRY CLOSE in HORSHAM, in the RH12 postcode district. The below map shows the position of THE COTTAGE on MULBERRY CLOSE.