8, GRASSMERE, HORLEY, RH6 9UG - £370,000

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.

8 GRASSMERE is a very small terraced house of 78m², built sometime between 1991 and 1995, which could now be worth an estimated £399,016. It was last sold for £370,000 in February 2024, which was around 10% below the average February 2024 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

8 GRASSMERE Sold Prices

Land registry data shows two sales for 8 GRASSMERE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. One of the two 8 GRASSMERE sales was for below the average price, whilst the other was 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
2024 20 FEB	£370,000	£409,889	10% below HPI
1998 6 NOV	£98,750	£93,795	5% above HPI

8 GRASSMERE 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 two 8 GRASSMERE sales from November 1998 and February 2024 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 November 1998 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2024 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 8 GRASSMERE be worth now?

8 GRASSMERE might now be worth an estimated £399,016.

This is based on house price inflation of 7.8%, between February 2024 and April 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 7.8% inflationary increase is applied to the most recent sale price for 8 GRASSMERE of £370,000 on 20th February 2024. For the value to have increased from £370,000 to £399,016 over the one year and ten months to April 2026, the following assumptions must hold true:

• The value of 8 GRASSMERE has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The February 2024 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRASSMERE has not materially changed since February 2024.

How Large is 8 GRASSMERE?

8 GRASSMERE is 78m² according to the EPC inspection conducted in September 2021. 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 8 GRASSMERE lies on this distribution: 5% of terraced houses houses are smaller than 8 GRASSMERE, and 95% of houses are larger. Note that EPC data is not available for all properties in Horley.

8 GRASSMERE: Plot and Title Map

8 GRASSMERE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 8 GRASSMERE, 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 8 GRASSMERE). 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 8 GRASSMERE?

8 GRASSMERE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 8 on GRASSMERE.