According to the public record, 162, Illett Way, Horsham is a modern freehold house with 1,205 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Illett Way, Faygate, Horsham, RH12 is located in the borough of Horsham within the RH12 postal district.
162, Illett Way, Horsham has a single entry in the Land Registry database from August 2020 and a single entry in the EPC database dated July 2020.
We combine this information with that 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 162 Illett Way Horsham as £473,992 and the rental value as £2,016 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 162 Illett Way Horsham has decreased by £2,789 (0.6%) and its rental value has increased by £79 per month (3.9%).
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 162, Illett Way, Horsham is in very good condition we estimate a sale value of £497,692 and rental value of £2,117 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £440,813 and a rental value of £1,875 per month.
If you were able to purchase this property for the estimated value of £473,992, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,330 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 HM Land Registry, 162, Illett Way, Horsham was last sold on 28 Aug 2020 for £485,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2020, the market for similar properties has risen 12.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 162, Illett Way, Horsham within a radius of 630 metres over the last 2 years.
The most recent example is 158, Illett Way, Horsham, RH12 0BL, a Freehold house which sold for £490,000 in Oct 2021.
Read more about house prices in RH12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Illett Way, Faygate, Horsham, RH12 has a total of 149 addresses. According to our analysis of all the public data, 162, Illett Way, Horsham is the 21st largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £15k more expensive than the average property in RH12.
162, Illett Way, Horsham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Jul 2020.
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 162, Illett Way, Horsham is Faygate station which is 2.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 162, Illett Way, 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 162, Illett Way, 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 162, Illett Way, 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 162, Illett Way, 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 162, Illett Way, 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.