11, RAINBOW CLOSE, HORLEY, RH6 9QQ - £420,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

11 RAINBOW CLOSE is a midsized terraced house of 130m², which could now be worth an estimated £492,768. It was last sold for £420,000 in October 2017, which was around 15% above the average October 2017 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was B.

11 RAINBOW CLOSE Sold Prices

Land registry data shows two sales for 11 RAINBOW CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 11 RAINBOW CLOSE 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
2017 4 OCT	£420,000	£366,495	15% above HPI
2009 23 OCT	£340,000	£220,876	54% above HPI

11 RAINBOW CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The two 11 RAINBOW CLOSE sales from October 2009 and October 2017 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 2009 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the October 2017 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 11 RAINBOW CLOSE be worth now?

11 RAINBOW CLOSE might now be worth an estimated £492,768.

This is based on house price inflation of 17.3%, between October 2017 and May 2026, for terraced houses, in the Reigate and Banstead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.3% inflationary increase is applied to the most recent sale price for 11 RAINBOW CLOSE of £420,000 on 4th October 2017. For the value to have increased from £420,000 to £492,768 over the nine years and five months to May 2026, the following assumptions must hold true:

• The value of 11 RAINBOW CLOSE has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The October 2017 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 11 RAINBOW CLOSE has not materially changed since October 2017.

How Large is 11 RAINBOW CLOSE?

11 RAINBOW CLOSE is 130m² according to the EPC inspection conducted in September 2009. This puts it in the largest 50% of terraced houses houses in Horley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Horley, and where 11 RAINBOW CLOSE lies on this distribution: 57% of terraced houses houses are smaller than 11 RAINBOW CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Horley.

11 RAINBOW CLOSE: Plot and Title Map

11 RAINBOW CLOSE sits on a plot of roughly 0.194 of an acre, or 786m². The below map shows the location of 11 RAINBOW CLOSE, 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 11 RAINBOW CLOSE). 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 11 RAINBOW CLOSE?

11 RAINBOW CLOSE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 11 on RAINBOW CLOSE.