5, GRASSMERE, HORLEY, RH6 9UG - £312,000

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.

5 GRASSMERE is a midsized terraced house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £383,189. It was last sold for £312,000 in May 2018, which was around 13% below the average May 2018 terraced price in the Reigate and Banstead local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

5 GRASSMERE Sold Prices

Land registry data shows five sales for 5 GRASSMERE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Reigate and Banstead local authority area for the corresponding sale date. Most of the five 5 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
2018 11 MAY	£312,000	£359,912	13% below HPI
2010 5 MAR	£209,000	£232,249	10% below HPI
2005 12 AUG	£195,000	£209,698	7% below HPI
2002 26 MAR	£133,000	£145,069	8% below HPI
1996 29 MAY	£67,500	£66,647	1% above HPI

5 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 five 5 GRASSMERE sales between May 1996 and May 2018 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 March 2010 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2018 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 5 GRASSMERE be worth now?

5 GRASSMERE might now be worth an estimated £383,189.

This is based on house price inflation of 22.8%, between May 2018 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 22.8% inflationary increase is applied to the most recent sale price for 5 GRASSMERE of £312,000 on 11th May 2018. For the value to have increased from £312,000 to £383,189 over the eight years and one month to April 2026, the following assumptions must hold true:

• The value of 5 GRASSMERE has moved in line with the HPI for terraced houses in the Reigate and Banstead local authority area.
• The May 2018 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GRASSMERE has not materially changed since May 2018.

How Large is 5 GRASSMERE?

5 GRASSMERE is 74m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% of terraced houses in Horley, based on EPC data. The below chart shows the distribution of terraced houses by size in Horley, and where 5 GRASSMERE lies on this distribution: 47% of terraced houses are smaller than 5 GRASSMERE, and 50% of terraced houses are larger. Note that EPC data is not available for all properties in Horley.

5 GRASSMERE: Plot

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

Where is 5 GRASSMERE?

5 GRASSMERE is located in HORLEY, in the RH6 postcode district. The below map shows the position of No. 5 on GRASSMERE.