WHEELS, STATION ROAD, HENFIELD, BN5 9UP - £385,000

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.

WHEELS is a very small semi-detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £421,325. It was last sold for £385,000 in October 2021, which was around 7% below the average October 2021 semi-detached price in the Horsham local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

WHEELS Sold Prices

Land registry data shows three sales for WHEELS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Horsham local authority area for the corresponding sale date. All of the three WHEELS 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
2021 28 OCT	£385,000	£414,645	7% below HPI
2017 23 NOV	£320,000	£391,400	18% below HPI
2008 1 FEB	£221,000	£285,675	23% below HPI

WHEELS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Horsham local authority area over time, sourced from the HPI. The three WHEELS sales between February 2008 and October 2021 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 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might WHEELS be worth now?

WHEELS might now be worth an estimated £421,325.

This is based on house price inflation of 9.4%, between October 2021 and February 2025, for semi-detached houses, in the Horsham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.4% inflationary increase is applied to the most recent sale price for WHEELS of £385,000 on 28th October 2021. For the value to have increased from £385,000 to £421,325 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of WHEELS has moved in line with the HPI for semi-detached houses in the Horsham local authority area.
• The October 2021 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of WHEELS has not materially changed since October 2021.

How Large is WHEELS?

WHEELS is 80m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 10% of semi-detached houses houses in Henfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Henfield, and where WHEELS lies on this distribution: 8% of semi-detached houses houses are smaller than WHEELS, and 91% of houses are larger. Note that EPC data is not available for all properties in Henfield.

WHEELS: Plot and Title Map

WHEELS sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of WHEELS, 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 WHEELS). 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 WHEELS?

WHEELS is located on STATION ROAD in HENFIELD, in the BN5 postcode district. The below map shows the position of WHEELS on STATION ROAD.