THE OLD WORKSHOP, CHAPEL LANE, HORSTED KEYNES, HAYWARDS HEATH, RH17 7AF - £335,000

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 OLD WORKSHOP is a very small extended detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £566,667. It was last sold for £335,000 in December 2007, which was around 24% below the average December 2007 detached price in the Mid Sussex local authority area. The most recent EPC inspection was May 2020, where the current energy rating was E, and the potential energy rating was B.

THE OLD WORKSHOP Sold Prices

Land registry data shows two sales for THE OLD WORKSHOP since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Sussex local authority area for the corresponding sale date. Both of the two THE OLD WORKSHOP 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
2007 7 DEC	£335,000	£438,340	24% below HPI
2005 11 FEB	£197,000	£371,346	47% below HPI

THE OLD WORKSHOP Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Sussex local authority area over time, sourced from the HPI. The two THE OLD WORKSHOP sales from February 2005 and December 2007 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 February 2005 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the December 2007 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might THE OLD WORKSHOP be worth now?

THE OLD WORKSHOP might now be worth an estimated £566,667.

This is based on house price inflation of 69.2%, between December 2007 and December 2024, for 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 69.2% inflationary increase is applied to the most recent sale price for THE OLD WORKSHOP of £335,000 on 7th December 2007. For the value to have increased from £335,000 to £566,667 over the seventeen years to December 2024, the following assumptions must hold true:

• The value of THE OLD WORKSHOP has moved in line with the HPI for detached houses in the Mid Sussex local authority area.
• The December 2007 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD WORKSHOP has not materially changed since December 2007.

How Large is THE OLD WORKSHOP?

THE OLD WORKSHOP is 74m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 20% of detached houses houses in Horsted Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horsted Keynes, and where THE OLD WORKSHOP lies on this distribution: 11% of detached houses houses are smaller than THE OLD WORKSHOP, and 88% of houses are larger. Note that EPC data is not available for all properties in Horsted Keynes.

THE OLD WORKSHOP: Plot and Title Map

THE OLD WORKSHOP sits on a plot of roughly 0.024 of an acre, or 99m². The below map shows the location of THE OLD WORKSHOP, 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 OLD WORKSHOP). 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 OLD WORKSHOP?

THE OLD WORKSHOP is located on CHAPEL LANE in HORSTED KEYNES, in the RH17 postcode district. The below map shows the position of THE OLD WORKSHOP on CHAPEL LANE.