7, DRAKE ROAD, HORLEY, RH6 8SJ - £370,000

7 DRAKE ROAD is a small extended detached house of 95m², built sometime between 1991 and 1995. It was last sold for £370,000 in January 2017, which was around 49% below the average January 2017 detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

7 DRAKE ROAD Sold Prices

Land registry data shows three sales for 7 DRAKE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Reigate and Banstead local authority area for the corresponding sale date. All of the three 7 DRAKE ROAD 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
2017 10 JAN	£370,000	£725,899	49% below HPI
2016 5 AUG	£385,000	£750,545	49% below HPI
2005 11 NOV	£225,000	£420,189	46% below HPI

7 DRAKE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Reigate and Banstead local authority area over time, sourced from the HPI. The three 7 DRAKE ROAD sales between November 2005 and January 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 August 2016 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the January 2017 sale, which was also at 49% below the HPI.

How Large is 7 DRAKE ROAD?

7 DRAKE ROAD is 95m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses in Horley, based on EPC data. The below chart shows the distribution of detached houses by size in Horley, and where 7 DRAKE ROAD lies on this distribution: 22% of detached houses are smaller than 7 DRAKE ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Horley.

7 DRAKE ROAD: Plot and Title Map

7 DRAKE ROAD sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 7 DRAKE ROAD, 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 7 DRAKE ROAD). 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 7 DRAKE ROAD?

7 DRAKE ROAD is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 7 on DRAKE ROAD.