According to the public record, 16, Somerset Road, Horsham is a modern apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Somerset Road, Faygate, Horsham, RH12 is located in the borough of Horsham within the RH12 postal district.
16, Somerset Road, Horsham has no records in the Land Registry database and a single entry in the EPC database dated October 2019.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 16 Somerset Road Horsham as £210,773 and the rental value as £1,145 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 16 Somerset Road Horsham has increased by £4,423 (2.1%) and its rental value has increased by £77 per month (6.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Somerset Road, Horsham is in very good condition we estimate a sale value of £221,312 and rental value of £1,202 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £196,019 and a rental value of £1,065 per month.
If you were able to purchase this property for the estimated value of £210,773, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,036 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Somerset Road, Horsham within a radius of 610 metres over the last 2 years.
The most recent example is 1, Bracknell Walk, Crawley, RH11 6EG, a Leasehold flat which sold for £205,000 in Jan 2023.
Read more about house prices in RH12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerset Road, Faygate, Horsham, RH12 has a total of 48 addresses. According to our analysis of all the public data, 16, Somerset Road, Horsham is the 47th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £248k less expensive than the average property in RH12.
16, Somerset Road, Horsham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Oct 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 16, Somerset Road, Horsham is Ifield station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Somerset Road, Horsham, 50.0% of property is privately owned outright and 41.7% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Somerset Road, Horsham, 15.6% of residents are recorded as possessing school level qualifications and 42.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Somerset Road, Horsham, the average age was 39.6 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Somerset Road, Horsham, 3.2% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Somerset Road, Horsham, there are an average of 2.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.