5, SPINNEY CLOSE, HORSHAM, RH12 4PL - £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.

5 SPINNEY CLOSE is a very small terraced house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £418,129. It was last sold for £350,000 in April 2018, which was around 13% above the average April 2018 terraced price in the Horsham local authority area. The most recent EPC inspection was December 2017, where the current energy rating was C, and the potential energy rating was B.

5 SPINNEY CLOSE Sold Prices

Land registry data shows two sales for 5 SPINNEY 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 Horsham local authority area for the corresponding sale date. Both of the two 5 SPINNEY 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
2018 10 APR	£350,000	£310,162	13% above HPI
2009 6 FEB	£185,000	£182,384	1% above HPI

5 SPINNEY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Horsham local authority area over time, sourced from the HPI. The two 5 SPINNEY CLOSE sales from February 2009 and April 2018 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 2009 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the April 2018 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 5 SPINNEY CLOSE be worth now?

5 SPINNEY CLOSE might now be worth an estimated £418,129.

This is based on house price inflation of 19.5%, between April 2018 and May 2026, for terraced houses, in the Horsham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.5% inflationary increase is applied to the most recent sale price for 5 SPINNEY CLOSE of £350,000 on 10th April 2018. For the value to have increased from £350,000 to £418,129 over the seven years and eleven months to May 2026, the following assumptions must hold true:

• The value of 5 SPINNEY CLOSE has moved in line with the HPI for terraced houses in the Horsham local authority area.
• The April 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPINNEY CLOSE has not materially changed since April 2018.

How Large is 5 SPINNEY CLOSE?

5 SPINNEY CLOSE is 91m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 20% of terraced houses houses in Horsham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Horsham, and where 5 SPINNEY CLOSE lies on this distribution: 18% of terraced houses houses are smaller than 5 SPINNEY CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Horsham.

5 SPINNEY CLOSE: Plot and Title Map

5 SPINNEY CLOSE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 5 SPINNEY 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 5 SPINNEY 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 5 SPINNEY CLOSE?

5 SPINNEY CLOSE is located in HORSHAM, in the RH12 postcode district. The below map shows the position of No. 5 on SPINNEY CLOSE.