18, LARKSFIELD, HORLEY, RH6 9ET - £350,000

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.

18 LARKSFIELD is a very small terraced house of 72m², built sometime between 1996 and 2002, which could now be worth an estimated £438,471. It was last sold for £350,000 in May 2016, which was around 2% above the average May 2016 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

18 LARKSFIELD Sold Prices

Land registry data shows three sales for 18 LARKSFIELD 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 18 LARKSFIELD 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
2016 25 MAY	£350,000	£343,233	2% above HPI
2006 6 JAN	£230,000	£209,650	10% above HPI
1998 27 FEB	£116,000	£84,020	38% above HPI

18 LARKSFIELD 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 18 LARKSFIELD sales between February 1998 and May 2016 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 January 2006 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2016 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 18 LARKSFIELD be worth now?

18 LARKSFIELD might now be worth an estimated £438,471.

This is based on house price inflation of 25.3%, between May 2016 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 25.3% inflationary increase is applied to the most recent sale price for 18 LARKSFIELD of £350,000 on 25th May 2016. For the value to have increased from £350,000 to £438,471 over the ten years to May 2026, the following assumptions must hold true:

• The value of 18 LARKSFIELD has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The May 2016 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 18 LARKSFIELD has not materially changed since May 2016.

How Large is 18 LARKSFIELD?

18 LARKSFIELD is 72m² according to the EPC inspection conducted in November 2015. 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 18 LARKSFIELD lies on this distribution: 3% of terraced houses houses are smaller than 18 LARKSFIELD, and 97% of houses are larger. Note that EPC data is not available for all properties in Horley.

18 LARKSFIELD: Plot and Title Map

18 LARKSFIELD sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 18 LARKSFIELD, 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 18 LARKSFIELD). 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 18 LARKSFIELD?

18 LARKSFIELD is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 18 on LARKSFIELD.