2, GRASSMERE, HORLEY, RH6 9UG - £325,150

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.

2 GRASSMERE is a small semi-detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £405,486. It was last sold for £325,150 in December 2017, which was around 27% below the average December 2017 semi-detached price in the Reigate and Banstead local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

2 GRASSMERE Sold Prices

Land registry data shows two sales for 2 GRASSMERE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Reigate and Banstead local authority area for the corresponding sale date. Both of the two 2 GRASSMERE 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 21 DEC	£325,150	£446,371	27% below HPI
2003 18 AUG	£187,000	£235,238	21% below HPI

2 GRASSMERE 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 two 2 GRASSMERE sales from August 2003 and December 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 2003 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2017 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 GRASSMERE be worth now?

2 GRASSMERE might now be worth an estimated £405,486.

This is based on house price inflation of 24.7%, between December 2017 and April 2026, for semi-detached 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 24.7% inflationary increase is applied to the most recent sale price for 2 GRASSMERE of £325,150 on 21st December 2017. For the value to have increased from £325,150 to £405,486 over the nine years and eight months to April 2026, the following assumptions must hold true:

• The value of 2 GRASSMERE has moved in line with the HPI for semi-detached houses in the Reigate and Banstead local authority area.
• The December 2017 sale price of £325,150 represented a fair market value for the property.
• The size, condition, and specification of 2 GRASSMERE has not materially changed since December 2017.

How Large is 2 GRASSMERE?

2 GRASSMERE is 76m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 30% of semi-detached houses in Horley, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Horley, and where 2 GRASSMERE lies on this distribution: 23% of semi-detached houses are smaller than 2 GRASSMERE, and 76% of semi-detached houses are larger. Note that EPC data is not available for all properties in Horley.

2 GRASSMERE: Plot

2 GRASSMERE sits on a plot of roughly 10.0 acres, or 40,508m².

Where is 2 GRASSMERE?

2 GRASSMERE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 2 on GRASSMERE.