12, POWELL CLOSE, HORLEY, RH6 8SF - £450,000

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.

12 POWELL CLOSE is a very small extended terraced house of 86m², built sometime between 1983 and 1990, which could now be worth an estimated £465,316. It was last sold for £450,000 in November 2023, which was around 8% above the average November 2023 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

12 POWELL CLOSE Sold Prices

Land registry data shows three sales for 12 POWELL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 12 POWELL 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
2023 24 NOV	£450,000	£415,840	8% above HPI
2013 4 FEB	£270,000	£250,623	8% above HPI
2005 21 APR	£229,000	£201,055	14% above HPI

12 POWELL 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 three 12 POWELL CLOSE sales between April 2005 and November 2023 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 2013 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the November 2023 sale, which was also at 8% above the HPI.

What might 12 POWELL CLOSE be worth now?

12 POWELL CLOSE might now be worth an estimated £465,316.

This is based on house price inflation of 3.4%, between November 2023 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 3.4% inflationary increase is applied to the most recent sale price for 12 POWELL CLOSE of £450,000 on 24th November 2023. For the value to have increased from £450,000 to £465,316 over the three years and six months to May 2026, the following assumptions must hold true:

• The value of 12 POWELL CLOSE has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The November 2023 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 12 POWELL CLOSE has not materially changed since November 2023.

How Large is 12 POWELL CLOSE?

12 POWELL CLOSE is 86m², which includes two extensions, according to the EPC inspection conducted in May 2023. This puts it in the smallest 10% 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 12 POWELL CLOSE lies on this distribution: 10% of terraced houses houses are smaller than 12 POWELL CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Horley.

12 POWELL CLOSE: Plot and Title Map

12 POWELL CLOSE sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 12 POWELL 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 12 POWELL 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 12 POWELL CLOSE?

12 POWELL CLOSE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 12 on POWELL CLOSE.