5, WINNET WAY, SOUTHWATER, HORSHAM, RH13 9TD - £395,000

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 WINNET WAY is a very small detached house of 83m², built sometime between 1983 and 1990, which could now be worth an estimated £459,519. It was last sold for £395,000 in March 2018, which was around 40% below the average March 2018 detached price in the Horsham local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

5 WINNET WAY Sold Prices

Land registry data shows two sales for 5 WINNET WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. Both of the two 5 WINNET WAY 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
2018 20 MAR	£395,000	£655,432	40% below HPI
1999 25 JUN	£137,500	£199,926	31% below HPI

5 WINNET WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The two 5 WINNET WAY sales from June 1999 and March 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 June 1999 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2018 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 5 WINNET WAY be worth now?

5 WINNET WAY might now be worth an estimated £459,519.

This is based on house price inflation of 16.3%, between March 2018 and March 2025, for detached 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 16.3% inflationary increase is applied to the most recent sale price for 5 WINNET WAY of £395,000 on 20th March 2018. For the value to have increased from £395,000 to £459,519 over the seven years to March 2025, the following assumptions must hold true:

• The value of 5 WINNET WAY has moved in line with the HPI for detached houses in the Horsham local authority area.
• The March 2018 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WINNET WAY has not materially changed since March 2018.

How Large is 5 WINNET WAY?

5 WINNET WAY is 83m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 20% of detached houses houses in Southwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwater, and where 5 WINNET WAY lies on this distribution: 12% of detached houses houses are smaller than 5 WINNET WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Southwater.

5 WINNET WAY: Plot and Title Map

5 WINNET WAY sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 5 WINNET WAY, 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 WINNET WAY). 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 WINNET WAY?

5 WINNET WAY is located in SOUTHWATER, in the RH13 postcode district. The below map shows the position of No. 5 on WINNET WAY.