8, POWELL CLOSE, HORLEY, RH6 8SF - £188,000

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 POWELL CLOSE is a very small extended terraced house of 59m², built sometime between 1983 and 1990, which could now be worth an estimated £334,146. It was last sold for £188,000 in June 2007, which was around 22% below the average June 2007 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was B.

8 POWELL CLOSE Sold Prices

Land registry data shows four sales for 8 POWELL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. All of the four 8 POWELL CLOSE 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
2007 6 JUN	£188,000	£241,926	22% below HPI
2006 7 JUL	£175,000	£215,616	19% below HPI
2003 14 NOV	£160,000	£181,857	12% below HPI
1998 4 SEP	£76,500	£93,888	19% below HPI

8 POWELL CLOSE 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 four 8 POWELL CLOSE sales between September 1998 and June 2007 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 July 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2007 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 8 POWELL CLOSE be worth now?

8 POWELL CLOSE might now be worth an estimated £334,146.

This is based on house price inflation of 77.7%, between June 2007 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 77.7% inflationary increase is applied to the most recent sale price for 8 POWELL CLOSE of £188,000 on 6th June 2007. For the value to have increased from £188,000 to £334,146 over the nineteen years and one month to May 2026, the following assumptions must hold true:

• The value of 8 POWELL CLOSE has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The June 2007 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 8 POWELL CLOSE has not materially changed since June 2007.

How Large is 8 POWELL CLOSE?

8 POWELL CLOSE is 59m², which includes one extension, according to the EPC inspection conducted in March 2016. 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 POWELL CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 8 POWELL CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Horley.

8 POWELL CLOSE: Plot and Title Map

8 POWELL CLOSE sits on a plot of roughly 0.026 of an acre, or 106m². The below map shows the location of 8 POWELL 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 8 POWELL 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 8 POWELL CLOSE?

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