3, GRASSMERE, HORLEY, RH6 9UG - £321,500

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.

3 GRASSMERE is a small terraced house of 68m², built sometime between 1983 and 1990, which could now be worth an estimated £417,386. It was last sold for £321,500 in April 2016, which was around 6% below the average April 2016 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

3 GRASSMERE Sold Prices

Land registry data shows three sales for 3 GRASSMERE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. Two of the three 3 GRASSMERE sales were for below the average price, whilst one 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
2016 11 APR	£321,500	£340,485	6% below HPI
2002 2 APR	£151,000	£148,505	2% above HPI
1996 20 SEP	£68,000	£69,578	2% below HPI

3 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 three 3 GRASSMERE sales between September 1996 and April 2016 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 April 2002 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2016 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 3 GRASSMERE be worth now?

3 GRASSMERE might now be worth an estimated £417,386.

This is based on house price inflation of 29.8%, between April 2016 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 29.8% inflationary increase is applied to the most recent sale price for 3 GRASSMERE of £321,500 on 11th April 2016. For the value to have increased from £321,500 to £417,386 over the ten years to April 2026, the following assumptions must hold true:

• The value of 3 GRASSMERE has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The April 2016 sale price of £321,500 represented a fair market value for the property.
• The size, condition, and specification of 3 GRASSMERE has not materially changed since April 2016.

How Large is 3 GRASSMERE?

3 GRASSMERE is 68m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 40% of terraced houses in Horley, based on EPC data. The below chart shows the distribution of terraced houses by size in Horley, and where 3 GRASSMERE lies on this distribution: 38% of terraced houses are smaller than 3 GRASSMERE, and 62% of terraced houses are larger. Note that EPC data is not available for all properties in Horley.

3 GRASSMERE: Plot

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

Where is 3 GRASSMERE?

3 GRASSMERE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 3 on GRASSMERE.