THE HOBBIT, STATION ROAD, SHARPTHORNE, EAST GRINSTEAD, RH19 4PE - £500,000

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 HOBBIT is a small semi-detached house of 97m², built sometime between 1930 and 1949, which could now be worth an estimated £541,408. It was last sold for £500,000 in May 2022, which was around 17% above the average May 2022 semi-detached price in the Mid Sussex local authority area. The most recent EPC inspection was January 2022, where the current energy rating was E, and the potential energy rating was C.

THE HOBBIT Sold Prices

Land registry data shows two sales for THE HOBBIT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Mid Sussex local authority area for the corresponding sale date. Both of the two THE HOBBIT 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
2022 12 MAY	£500,000	£425,617	17% above HPI
2005 11 OCT	£280,000	£225,122	24% above HPI

THE HOBBIT Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Mid Sussex local authority area over time, sourced from the HPI. The two THE HOBBIT sales from October 2005 and May 2022 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 2005 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the May 2022 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might THE HOBBIT be worth now?

THE HOBBIT might now be worth an estimated £541,408.

This is based on house price inflation of 8.3%, between May 2022 and February 2025, for semi-detached houses, in the Mid Sussex local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.3% inflationary increase is applied to the most recent sale price for THE HOBBIT of £500,000 on 12th May 2022. For the value to have increased from £500,000 to £541,408 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of THE HOBBIT has moved in line with the HPI for semi-detached houses in the Mid Sussex local authority area.
• The May 2022 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of THE HOBBIT has not materially changed since May 2022.

How Large is THE HOBBIT?

THE HOBBIT is 97m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 30% of semi-detached houses houses in Sharpthorne, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Sharpthorne, and where THE HOBBIT lies on this distribution: 23% of semi-detached houses houses are smaller than THE HOBBIT, and 75% of houses are larger. Note that EPC data is not available for all properties in Sharpthorne.

THE HOBBIT: Plot and Title Map

THE HOBBIT sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of THE HOBBIT, 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 HOBBIT). 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 HOBBIT?

THE HOBBIT is located on STATION ROAD in SHARPTHORNE, in the RH19 postcode district. The below map shows the position of THE HOBBIT on STATION ROAD.